Sysyong
2022-09-16

Nice

@Ultrahisham：
Bears about to wrest control The markets $DJIA(.DJI)$, $NASDAQ(.IXIC)$and $S&P 500(.SPX)$dived lower on Thursday after a bounce on Wednesday. Although data came out pretty ok on the consumer side, looking forward, especially with a very hawkish Fed keeping a very close eye on inflation and very intent on bringing it under control at all costs, it does not take a genius to realise there is a high probability the economy is going to heave under pressure. And many are now worried that the Fed might overtighten and end up oversteering tilting the economy into a spin. With labour market looking tight and consumer still looking resilient, the Fed might take the opportunity to overtighten now rather than later despite the risks. Fedex gave an earnings warning which seems to give credibility to the recession worries and futures took a tumble thereafter. Technical wise, the $S&P 500(.SPX)$broke 3900 to reach 3888 before recovering to close above it by a hair's breadth at 3901. But after Fedex's announcement, it seems very likely that it will breach 3900, the level where I believeis key to the bears in overcoming the bulls' resolve. Henceforth, I am staying cautious while staying alert to valuation buys. Stay safe 😊
Bears about to wrest control The markets $DJIA(.DJI)$, $NASDAQ(.IXIC)$and $S&P 500(.SPX)$dived lower on Thursday after a bounce on Wednesday. Although data came out pretty ok on the consumer side, looking forward, especially with a very hawkish Fed keeping a very close eye on inflation and very intent on bringing it under control at all costs, it does not take a genius to realise there is a high probability the economy is going to heave under pressure. And many are now worried that the Fed might overtighten and end up oversteering tilting the economy into a spin. With labour market looking tight and consumer still looking resilient, the Fed might take the opportunity to overtighten now rather than later despite the risks. Fedex gave an earnings warning which seems to give credibility to the recession worries and futures took a tumble thereafter. Technical wise, the $S&P 500(.SPX)$broke 3900 to reach 3888 before recovering to close above it by a hair's breadth at 3901. But after Fedex's announcement, it seems very likely that it will breach 3900, the level where I believeis key to the bears in overcoming the bulls' resolve. Henceforth, I am staying cautious while staying alert to valuation buys. Stay safe 😊

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