The SP500 clawed back earlier losses on Monday to end the session higher after briefly touching six-month low.
However, the tape wasn't all that bullish despite the big reversal. Indeed, Tech completed a top relative to $SPY while defensive stocks completed a bottom. Not the kind of risk appetite you want to see on a rally. Source: Steven Strazza
🔴 They really waited until the last 10 minutes..
Yesterday's "Market On Close" buy imbalance (for pension buying) was the highest on record (source: Goldman) Source: GS, www.zerohedge.com
Richmond Fed asked companies how the plan to respond to tariffs.
Strong majority plan to raise prices... Source: Dario Perkins @darioperkins on X
One-Pager on The Intelligent Investor:
Source: Daniel @MnkeDaniel
Fastest market corrections since 1950
Source: Fundstrat
Don't stop investing.
Drawdowns and crashes are the best period to invest Source: Personal Finance Club
Worst quarter for US stocks relative to the rest of the world in 23 years
Source: Bloomberg Opinion, www.zerohedge.com
A MIND-BLOWING chart:
The US budget deficit is set to average 6.3% over the next 30 years. This would be higher than any other period outside of major crises and wars. This also would be 2.5 percentage points above the past 50-year average... Source: Global Markets Investor
