
DON’T BUY INTO THE MOMO NARRATIVE THAT RECESSION PROBABILITY IS ZERO, CHINA PROPS UP STOCKS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Recession Probability 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 has pulled back after touching the low band of the mini resistance zone. The chart shows that the stock market is consolidating slightly above the top support zone. RSI on the chart shows that the stock market is neither overbought nor oversold and can go in either direction from here. Powell’s speech





