S&P 500’s 9.6% rally raises concerns

November 20, 2023 9:04 am by CWR

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The rally is based on weak data and high valuations. Not a good sign for the market.

— imhodler (@iamhodler_) November 20, 2023

🇺🇸 US continuing jobless claims continues to closely track the average of past #recession cycles.

Using the months from first inversion of the 10Y3M Treasury yield curve since 1968 (excluding COVID).

H/t: @DonMiami3 pic.twitter.com/XhUirbQB8D

— Alex Joosten (@joosteninvestor) November 20, 2023

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See also 2024 mirrors 2021: Hindenburg Omen triggers, followed by two corrections and possible bear market. In Dec 2007, the Fed cut rates despite inflation concerns. History repeats.