To gain an edge, this is what you need to know now.
Leading Indicators Deteriorate
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 that the stock market opened lower.
- In the Morning Capsule, we shared with you that there was selling due to lower than expected Tesla (TSLA) gross margins, Fed speak, and delayed reaction to the Beige Book.
- The chart shows that the momo crowd aggressively bought the dip.
- The chart shows when leading economic indicators were released.