Bear Market Has Weakened, But The Market Gauntlet Is Still Formidable
It’s difficult to be too optimistic with another 75bps rate hike (almost certainly) coming next week, and especially given how the week ended for the markets. However, the S&P 500 (SPX) and Nasdaq (COMPQ) both finished above their respective 50-DMAs for the first time in 3 months, to complete the week. This is a positive…...
