Inside Markets — Clearing Event?
US economic sentiment continues to deteriorate faster than the hard data.
Inside Markets — Uncertainty Discount
Last week, the SPX rebounded from the 5500-5560 support layer that contains the 52-week Volume-Weighted Average Price (VWAP) for the S&P 500 (SPY).
Inside Markets — Relief Rally
Today’s relief rally from deeply oversold levels follows some positive policy developments.
Inside Markets — SOX Reversal
Downbeat consumer surveys and recent market moves have led to increased recession fears.
Inside Markets — Inflation, Recession and Eurozone
Over the last two years, Truflation, a private company that provides real time/high frequency inflation data, has generated inflation forecasts that lead official BLS CPI data with a 0.1% average deviation.
Inside Markets — Near-Term Outlook
The sell-off in US equities entered its third week yesterday with the Mag 7 index closing in bear market territory, down -20.3% from the all-time high set in December.
Inside Markets — Technical Support and CPI Preview
The SPX is trading below its 200-day average, which tends to trigger more CTA selling.
Inside Markets — Catalyst Ahead
Eurozone equity markets have outperformed US equity markets lately with the Euro Stoxx 50 up +12.52% YTD while the SPX is down -2.20%.
Inside Markets — Risk/Reward
The SPX tested levels below 5772 support (January 13 low) earlier this morning but is now higher.
Inside Markets — Slowdown Expectations
Equity market internals reflect rising expectations for an economic slowdown/recession, but credit spreads remain below the recent peak in October.