S&P 500 though didn‘t reach the 6,035 support area after breaking below the low 6,070s – where does that and yields‘ unwillingness to follow in the Fed‘s preferred path leave us?
The S&P 500 pushed for all-time highs twice over this past week, but thanks to weakness in the semiconductors, a large amount of defensive sectoral positioning kicked in that not even the financial sector could overcome.
Since my minimum downside target was met on Monday, the response by the bulls appeared to be solid across the major stock market indices, as all of them rallied rather smartly.
In this week's video, we'll review the latest charts and data to answer the question: Stocks in 2025—normal volatility or the start of something much worse?
S&P 500 could have put a local bottom on Dec 31, but instead, we had to wait for today when we got the clear 5,930 breakdown and intraday reversal in relation to market breadth developments.
The Federal Reserve's final meeting of the year has historically caused significant moves in 20 ETFs. A rate cut is expected, but the focus is on the Fed's forward guidance and projections.
As risk-taking builds and is rewarded by higher prices, risk-taking morphs into more extreme speculation. For example, the surge of capital into 3x Leveraged S&P 500 ETFs has been remarkable.
Still elusive Bitcoin correction coupled with flows into my key sectors on that day‘s watch, is what drove the switch to long bias almost into the closing bell.
