Bullish. Stay Bullish.
At what point does anyone decide that the markets have indeed taken a reversal in its trend. We have been in a bear market for a few months, and we all know they are short and swift. There are a lot of technicals on 
SPY that point towards a bullish end to 2023, but balancing that with knowing that the markets are never certain - we need to watch for key catalyst dates (data) to help us gauge our long term line of thinking. Here is a big picture:
1. Technicals showing bullish patterns
2. Feds hold rates
3. Economy slowing down into a recession
4. Inflation wavering at higher than 2%, remaining sticky
5. Credit card debt hitting 1 trillion
6. Mortgage renewals on the horizon for 2024 and beyond at the higher bank rates.
I’d watch for data on Nov 14 and 15 to decide.
SPY that point towards a bullish end to 2023, but balancing that with knowing that the markets are never certain - we need to watch for key catalyst dates (data) to help us gauge our long term line of thinking. Here is a big picture:1. Technicals showing bullish patterns
2. Feds hold rates
3. Economy slowing down into a recession
4. Inflation wavering at higher than 2%, remaining sticky
5. Credit card debt hitting 1 trillion
6. Mortgage renewals on the horizon for 2024 and beyond at the higher bank rates.
I’d watch for data on Nov 14 and 15 to decide.
Feragatname
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