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The Break

By Monica Kingsley. Originally published at ValueWalk.

S&P 500

S&P 500 took decisively to the downside late yesterday, and credit markets followed. No risk-on positioning, but selling across the board broadly translating into stock market weakness. Great for the bears, let the open profits grow.

How about today‘s CPI – would the reasonably hot data be viewed as an opprotunity to buy? Very counterintuitive but the dip buyers also appeared right after yesterday‘s open. My primary scenario remains that any buying would fizzle out as we have lower lows to make still in this downswing – nothing against bear market rallies, but we‘re too early on in the tightening, and there is still much focus on inflation as opposed on the increasing real aconomy pain when manufacturing growth can grind to a standstill over the next few months easily.


Q1 2022 hedge fund letters, conferences and more

The tough headwinds in positioning for today, can be seen in precious metals and cryptos – setbacks in both as the market pressure on the Fed to raise, goes on. Even the ECB indicated that it‘s a journey beyond July – big words from eurozone on sunsetting negative interest rates. Coupled with crude oil resilience around $122, the odds continue favoring stock market bears.

Before wishing you a great weekend, two charts to illustrate that amply – stocks:

S&P 500

and bonds:

S&P 500

Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.

Thank you,

Monica Kingsley

Stock Trading Signals

Gold Trading Signals

Oil Trading Signals

Copper Trading Signals

Bitcoin Trading Signals

www.monicakingsley.co

mk@monicakingsley.co


All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

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