S&P 500 Runs Higher – Powell To Deliver

Published by

(…) 3,958 would continue acting as support – one which wouldn‘t be jeopardized in the least today. Close above 4,015 seems baked in the cake, and the degree of non-cofirmations and sectoral clues (XLF, KRE, XLK and XLU with XLP chiefly today), are key. The unprofitable tech rally accompanied by semiconductors isn‘t inspiring my confidence – the bond market caution carries more weight to me. Q4 2022 hedge fund letters, conferences and more S&P 500 indeed approached 4,045 at close, and bonds confirmed with their risk-on couple of hours before the close. Tech finished on a (bit too) strong a note…

Read More