Fearing worse than stagflation

Monica Kingsley Monicakingsley

S&P 500 broke below 5,515 on poor ADP employment change and advance GDP coupled with price beat. That says it all, and while stocks somehow shook off SMCI miss, the plunge in yields especially on the short end, has gotten more good confirmation in the data just in, that‘s what I talked about hard data catching up to (poor) soft data around the weekend. It‘s also seen in silver and copper – kind of mirroring UBS economic expectations a couple of hours ago from Switzerland… all talked in today‘s video.

DAX is also confirming today‘s cautious turn – tariffs are biting, and today represents fear of US recession striking, maybe for the first time seriously as latest earnings hadn‘t summarily sold (even if not too good)… this ay start to change as today‘s data had been really bad. So which level will hold, where can some intraday bounce develop?

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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