Postcards: You BET I'm Fun at Parties

This afternoon's breakdown suggests that the narrative is shifting (like the winds) on the macroeconomic outlook and what headlines investors will read in Barrons on Saturday

Nov 08, 2023

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Market Update

The Russell 2000 ETF (IWM) has been negative on hourly readings for two days, and we’re seeing weakness compound. The S&P 500 ETF (SPY) still holds above its 50-day moving average, but it isn’t easy to see direction yet. The good news for the market is that there has been increasing buying strength in tech stocks and a bit of a recovery today in cyclicals.

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