S&P 500’s Bull Trap – The Countdown

Published by

S&P 500 formed a fine bull trap – the intraday reversal making selling into worthwhile. How about today, given that bonds didn‘t exactly crater into Monday‘s close? Premarket European session didn‘t disappoint me, and the prospects of a sustainable rebound today look shaky at best. The upcoming consumer confidence would be propped by the ability to withstand inflation through savings, access to credit and continued debt load relative serviceability. Q4 2022 hedge fund letters, conferences and more (…) Tuesday‘s consumer confidence data are likely not to disappoint as personal savings rate had …

Read More