![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizcOFnTPteMimkGUD7KEVeF2X-8on2Qht4lL3hrNCZV78PjU9vbIKx_epOuwE4ZWrmKDuZVVn3Bq2mZL0VDxbNnMzMYZUcc8fDElC8l01FPyN-pF6Eb8l5Xz7ja7p13TqlXCGoMwv7U_w/s400/sc-1.png)
Simple assumption... weak demand for debt puts an uncertainty to fund the stimulus, which threatens the recovery, which merits a declining market. Is this assumption correct? The market said it was... but... the Fed still has a shit load of purchasing power, and will probably start buying soon.
With the Fed support, the stimulus and recovery, (hence markets) should hold, but I guess we are at the mercy of the Fed. As of now, the high 800 SP500 support is still holding.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBIKS1rhsSPvvMvqDc4azvEL5UgpVn60l6hMMoEHzb_6fs0wcJ2gl4wGfFQoEzAEVmOdEhcMK1MZxNTi9KK4Z_qroM2IkZVZrrrI6blST8L6WCE6eYStSRJXqAYf6mca7gXU4rNtbOojA/s400/sc.png)
If not, look for the SP500 to see the 62 SMA.
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