Republic Risk: Turning Red?
This might not last long, but there's much selling ahead of PCE and very little buying.
Dear Fellow Expat:
The MACD on the S&P 500 (SPY) is turning negative again… and now the focus is on whether this market will hold after yesterday’s Treasury. I anticipate a lot of chop once again as the index retests its 20-day moving average.
Keep a close eye on the rate of change in the MACD. Just a reminder: Hedge.
Stay positive,
Garrett Baldwin
Keep reading with a 7-day free trial
Subscribe to Me and the Money Printer to keep reading this post and get 7 days of free access to the full post archives.