Republic Risk: What Now With The Buyback Blackout Window?
Negative momentum, higher rates, CTA selling on the horizon, and a massive blackout on buybacks through April 26. Start thinking about what you want to buy as the dust settles.
Equity Storm Watch Is RED on the S&P 500 and RED on the Russell 2000
Futures up this morning… hoo boy.
We are in it now…
The last time we had a Yellow warning was January… but RED… this weakness began in late August after the Fed’s meeting in Jackson Hole, Wyoming. At the time, the warning was clear - interest rates were staying higher for longer - and a jump in 10-year yields surged.
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