S&P 500 Bears Follow Through – META and Dip Buying

Published by

S&P 500 bears followed through during much of yesterday‘s session – and bonds broadly supported that downswing. Good META earnings completed the intraday reversal in the power hour, and that is to keep more than a lid on selling attempts today as we‘re getting AMZN earnings after the close – I expect the giant won‘t thow spanner into the stock market works. S&P 500 buyers have former support of 4,115 in their sights, and odds are they would get there before any downswing continuation. Core PCE data proving elevated, not retreating inflation – in line with the view from other economies – is to …

Read More