S&P bearish outlook/forecast
Not good news.
Daily flows are shrinking, and we haven't even really started into the full cuts in unemployment benefits (after Labor Day), although some states, due to calendar issues, are already ending them.
The 10-day average of daily flows dropped to $24 bln. This is the lowest level since mid-July when they bottomed out because the Child Tax Credit payments started going out.
This looks like it will only get worse as the full cuts progress after Labor Day.
I am advising defense (short market, raise cash, puts, etc) at this time.
Daily flows are shrinking, and we haven't even really started into the full cuts in unemployment benefits (after Labor Day), although some states, due to calendar issues, are already ending them.
The 10-day average of daily flows dropped to $24 bln. This is the lowest level since mid-July when they bottomed out because the Child Tax Credit payments started going out.
This looks like it will only get worse as the full cuts progress after Labor Day.
I am advising defense (short market, raise cash, puts, etc) at this time.
Feragatname
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