To gain an edge, this is what you need to know now.
Be Nimble
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 latest economic data does not support the momo gurus’ new narrative of an immaculate landing.
- We also shared with you that the momo crowd was selling stocks.
- The chart shows the selloff that ensued.
- In spite of concerns about the data, the momo crowd was hopeful that Fed Vice Chair Brainard would be dovish.