"Sell the Rallies" Remains the Trend For Now
But the market is showing some resiliency given all the news.
Technical Edge
NYSE Breadth: 80.7% Downside Volume (!)
NASDAQ Breadth: 73% Downside Volume
The Fed Funds Futures are having a hard time nailing down the Fed’s rate-hiking agenda. Given that Powell & Co. have acknowledged that geopolitical issues may influence their decision, we’ve seen the market waver on how many rate hikes we will see this year.
The odds …
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