Inflation Tipping Point

Published by
ValueWalk

S&P 500 hasn‘t extended Monday‘s gains, continuing to trade in a cautious, tight range. Not that it would be driven by Treasury yields that much on a daily basis – the tech breather was one day delayed, but still didn‘t erase Monday‘s gains in full. Yes, Nasdaq didn‘t reverse, and I‘m looking for it to reassert its strength in spite of having approached the rising resistance line connecting the Feb and Apr highs. Q1 2021 hedge fund letters, conferences and more Sure, a little rotation later today wouldn‘t be unimaginable as I am looking for the Fed to largely bypass bringing up taper, which wo…

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