Who Is Left To Buy Here?

S&P 500 pulled back even less than it did Friday, and consumer inflation expectations didn‘t stand in the cust cutting bets way or the tech rally. The retreat in communications merely highlights the lively rotations powering different sectors at different times, and the best stock market sign was provided by the bond market – there, we have the HYG upswing counterweighted by the USD one (this can‘t be blamed on French elections) as the following Treasuries chart talks – enjoy the stock picks for today (these are usually featured in the premium section).

All in all, yesterday was another good day from intraday perspective (leaner than Friday‘s calls), and I‘m looking for caution and intraday volatility to rule in stocks the way they did in silver yesterday, till CPI.

(Click on image to enlarge)

S&P 500 and Nasdaq


More By This Author:

Still A Soft Landing?
The Turnaround
Let’s Just Ignore Yields

Subscribe to Monica‘s Insider Club for trade calls and intraday updates.  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with