$SPDR S&P 500 ETF Trust(SPY)$
Weakness seen last week as we were talking about a pullback coming early week!
Will it continue lower or is the rally about to continue?!
Good NFP report! More hikes and for longer! FFR Futures are pricing in over 60% of 25BP hikes coming up on May!
Bulls pivot dream is gone! FEDs will likely overtighten and something else which nobody is taking notice of will break! CRE loans is something everyone is talking about being the next black swan but a black swan is when nobody is expecting and looking at.
It will also be something which the FED will not be able to fix with its tools available!
Watch the video to find out what to expect the following week!
We nailed last week and looking forward to nail the following week ahead!
As always, trade safe and invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos!
www.youtube.com/c/investing101channel
Video Link:
https://youtu.be/Y4J2CcGieI8
Comments