S&P 500 Bullish Achievements Aren’t Changing The Bearish Picture

Published by

S&P 500 downswing refusal would prove temporary, and the pinched consumer retail sales data will keep serving as recessionary reminder. In this five part tweet series, I detailed why yesterday‘s bullish achievements aren‘t changing the bearish medium-term picture (more breathing room once this opex week is over) – in terms of the degree of positive economic surprises, weakness in sectoral overview with retreating financials and other typical bull market bellwethers. Home Depot Inc (NYSE:HD) also disappointed, and the language used confirms more consumert weakness ahead. Then, there is the debt…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.