How sound is this S&P 500 recovery
|S&P 500 retraced some of Wednesday‘s decline, dipped after the open only to push higher into the close – again, and again clients profited both short and long (Ellin‘s TSLA call move ended up smashing – let‘s see how the stock trades today, whether it can sustain the momentum to the finishing line Friday).
I already presented today‘s intraday game plan – but now, let‘s ask whether anything is changing in the markets, and let‘s start with looking at yields, then you can check the dollar and how various risk metrics are stacking up.
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