Not a financial advice.
Fundamentals are all bearish. At the same time everybody seems to be looking for ATH.
Inflation keeps going up, more layoffs happening, and the debt ceiling deal is a check mate for the FED.
If they don't raise the ceiling, FED will increase rates, if the ceiling is raised, FED will increase rates.
Why? Because of inflation.
And remember, markets are pricing FED pivot next year.
And next year is election year, the smoke and mirrors show will happened which might drive markets to more irrational acts.
It seems Bulls really want to try again the 4300 area. But at the same time this seems to be a big distribution channel going on.
There are a lot of issues with commercial real estate going on.
and you all should keep an eye on US10Y.
Fundamentals are all bearish. At the same time everybody seems to be looking for ATH.
Inflation keeps going up, more layoffs happening, and the debt ceiling deal is a check mate for the FED.
If they don't raise the ceiling, FED will increase rates, if the ceiling is raised, FED will increase rates.
Why? Because of inflation.
And remember, markets are pricing FED pivot next year.
And next year is election year, the smoke and mirrors show will happened which might drive markets to more irrational acts.
It seems Bulls really want to try again the 4300 area. But at the same time this seems to be a big distribution channel going on.
There are a lot of issues with commercial real estate going on.
and you all should keep an eye on US10Y.