Monica Kingsley
Monicakingsley
S&P 500 fearful positioning did strike early after the opening bell – providing for very quick intraday gains – but then the curse of very high expectations sent stocks down. Sell the solid news just because the pace of beating expectations was slower than prior quarters, and see the dip being bought overnight – that‘s a fitting summary.
Has the medium-term outlook changed now that this is over? No, and I look for VIX to keep declining and yields continuing quite unfazed. Uenmployment claims will come in all right and so will GDP, therefore more relief of no „recession not knocking on the door ahead, let‘s enjoy the still mainstream 100bp 2024 cuts expectation“. And salivate some more on good core PCE tomorrow.
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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