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