To gain an edge, this is what you need to know now.
Bank of Canada Turns Dovish
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:
- The chart shows the stock market attempting a muted rally in the morning. Selling came in after 11am ET, dampening the rally.
- The momo crowd is selling as they are taking heavy losses from aggressively buying near the top last week on momo gurus’ highly flawed narrative. To learn about the flaws, please see prior capsules.