Thanks, Mayhem. This market is so fragile and news driven, I think housing starts tomorrow morning, FOMC minutes on Wednesday and GDP on Thursday will make wild fluctuations that will overpower typical measures of extreme bullishness and bearishness. (All That, along with many major retail and tech earnings on Thursday and NVDA on Wednesday.) Having said that - who knows how the market will respond! A bad GDP print could mean a reflexive bounce b/c investors assess that the Fed will soften the tightening path… It’s gnarly out there 👀
Great analysis! Thanks for putting this together.
Thanks, Mayhem. This market is so fragile and news driven, I think housing starts tomorrow morning, FOMC minutes on Wednesday and GDP on Thursday will make wild fluctuations that will overpower typical measures of extreme bullishness and bearishness. (All That, along with many major retail and tech earnings on Thursday and NVDA on Wednesday.) Having said that - who knows how the market will respond! A bad GDP print could mean a reflexive bounce b/c investors assess that the Fed will soften the tightening path… It’s gnarly out there 👀