SPX still vulnerable?
|S&P 500 duly tanked on hot PPI, yields and dollar spiked, with the key area dealing clients short profits being Russell 2000 and other interest rate sensitive plays. For all the risk-off day (gold and silver vs. oil were called great too – first two down vs. oil up), stocks staged decisive comebacks a few times during the day, and maintain the same posture today too. So what has changed, what has not – are we going to see another burst higher such as Tuesday? Will yields normalize again, or is the Sep rate cut in some kind of jeopardy? Clients of course have the answers – here‘s a thorough video talking the clues and developments...
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