Republic Risk: Turning Red?

This might not last long, but there's much selling ahead of PCE and very little buying.

May 29, 2024

∙ Paid

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

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