S&P 500 Remain Highly Selective – Inflation Forcing The Fed

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S&P 500 bears had three good reasons to force a close lower – high consumer inflation expectations, weak retail sales and Waller saying that however you look at it, inflation is too high and doesn‘t allow the Fed to declare mission completed. While the rebound into the close was both in value and tech, the market breadth (shown in the next chart), remains disastrous (check divergencies to Feb values), and both S&P 500 and Nasdaq remain highly selective. Q1 2023 hedge fund letters, conferences and more (…) I‘m also bullish oil stocks ($XOM, $SLB), copper, nickel, lithium, cobalt. This is the de…

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