Republic Risk: Rub a Rabbit's Foot
The Federal Reserve Chair said "knock on wood" about the state of monetary policy and the direction in their fight against inflation. Why not pull out more than this?
Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000
It’ll be a critical day for the markets as we assess ongoing inflation concerns and other statements from Federal Reserve officials. This is typically a dangerous time as the system appears to have deeper concerns and cracks. But recall that markets don’t go straight down. After three days, algos can and will start bidding up assets, shorts cover, and markets offer some optimism. But if and when the signal turns negative, it’s typically fast and furious. We’re on high alert and watching the S&P 500 ETF (SPY), which remains above its 20-day moving average. The Russell again broke above its 20-day moving average.
Read this Risk Guide for a refresher on what we aim to do at Republic Risk.
We’ll continue to work on graphics and update them soon.
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