Weekly Market Recap & Outlook
S&P 500 dealt with the many non-confirmations raising eyebrows, and the bulls can enter new week on a stronger than expected note.
The macroeconomic landscape that is ruling out new bull market, is ruling out a steep rebound before the following these key events get out of the way.
First it‘s the Powell testimony Tuesday and Wednesday where reiteration of rate raising intent and no cuts this year (with perhaps Fed funds rate terminal being now 5.25 – 5.50%, which isn‘t still all that much by the way), would do the trick and dial back the buyers‘ enthusiasm to some degree.
In tomorrow’s analysis on my site, I would cover the remaining key data points, my views about the implications for the real economy and stock market.
Summing up within this brief update, it doesn’t look that bonds and several yield spreads would be hinting at the end of the bear market – but what I would write tomorrow about associated volatility, could be surprising…
Have a great Sunday, and see you tomorrow!
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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