While there were no major economic data releases and the majority of earnings were positive, investors appear to be adopting an aversion towards risk…
…Realization that the global rise in Covid19 infections could slow down the rate of economic recovery more than expected was being reflected in…
SP-500: Bullish reversal is in play and now it needs to overcome resistance @ 3984 to confirm legitimacy. 10-Yr Note Yield: Bullish reversal is indicating a resumption in rising rates. Bitcoin: Selling has ceased and another bullish reversal pattern has formed to establish a higher low on the recent pullback. This translates into continuation of the bullish trend.
Equities SP-500: Bullish trend remains intact but under consolidation. Nasdaq-100: Building support at 22-week moving average and consolidating. Trend has…
Hype is so passé and the investment strategy du jour is “hope”. It is what has been driving this market instead of anything remotely close to quantifiably certain…
Investor sentiment toward risk is definitely shifting. Although mixed economic data was skewed towards “better than expected”, it hardly mattered. This itself is noteworthy as…