To gain an edge, this is what you need to know now.
China Backlash Starts
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- In the Morning Capsule, we shared with you that the momo crowd was selling on Taiwan concerns.
- The chart shows that the momo crowd switched to buying when it became apparent that Pelosi would land safely.
- The chart shows more momo buying after Pelosi landed safely in Taiwan.
- The chart shows selling when the news came that a Chinese company CATL would postpone site selection for a battery plant in the US.