Dead cat bounce? More
|S&P 500 performed exactly as called – flush and then rebound – fine enough one to create FOMO in some on Monday. All clients were positioned for such an outcome – in timing the rebound, credible bottom formation. And should we get government shutdown resolution and no repo market noises, stocks would continue higher, broadening base enough beyond the current defensive one. Staples, real estate and healthcare tell the story clearly enough – and utilities rebounding pave the way for tech to notice one day as well. Just how soon can that be, what do various ratios say?
And will yields and (rising) dollar support the stock market rally in the week ahead?
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.