S&P 500 trend change?
|S&P 500 acted in line with my calls accenting real downside potential – all clients were ready for me expecting at the very, very (hypothetical) best, an S&P 500 move approaching core PCE announcement levels. It‘s been insightful also what other indices were doing, especially the Russell 2000 relative to the SPX. Turnaround came only in the latter innings of the session, and positive news from tech were that catalyst – it‘s about GOOGL, Mag 7 and dialing back antitrust action fears… via a very favorable judgement.
Stock market pendulum can thus swing the other way now – unless that takes more back and forth, similarly to what we‘re seeing in USD… detailed plan and my expectations follow in the premium part.
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