Independent thinking for complex markets and current events
$SPY $SPX a close above 685-6870 is bullish, between 683-685 6870-6850 is neutral, and below 683-6850 is bearish. I’ll be all cash into the weekend. I only took a put scalp in the morning at the spx highs down to 6863 and that was it. I think next week will be bloody red… pic.twitter.com/cJuk4HgZtJ — …
JPMorgan Chase chief global market strategist and co-head of global research, Marko Kolanovic, reportedly said last week in a mid-year outlook that the S&P 500 will drop almost 23% from 5,483 on June 27 to 4,200 by the end of 2024 amid an economic slump and headwinds like downward earnings revisions. US real gross domestic product increased …
We had a good rally on Friday, but in the intermediate term, we’ll probably see downward pressure on the stockmarket. Additionally, a jump in WTI oil to $86.29 due to the attack on Israel will definitely not help in the short term. Higher oil prices will translate to higher cost of goods and keep inflation …