Trending Assets
Top investors this month
Trending Assets
Top investors this month
Bear Market for the S&P, Finally, Maybe?
The $SPY inching closer to the level that signifies a bear market, but a surprise interest rate cut from China’s central bank is leading to a bit of a relief rally this morning…

No major economic data releases today. Earnings from $DE and $FL before the open at 0930.

It’s hard to see how this rate cut by the PBOC will do very much. China’s economy is in heaps of trouble but even that is secondary compared to the concerns here in the west.

More on that in today’s briefing and podcast, available here:
contrarianpod.substack.com
Bear Market for the S&P, Finally, Maybe: Daily Contrarian, May 20
The SPY inching closer to the level that signifies a bear market, but a surprise interest rate cut from China’s central bank is leading to a bit of a relief rally this morning…

Related
Already have an account?