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S&P 500 turns negative, US dollar strengthens

S&P 500 turns negative, US dollar strengthens

This is such an uncertain market. On the days when the market is weak, the bargain hunters show up. When it's strong, the nerves take over and the bulls bail out.

I don't see how that kind of volatility ebbs until inflation gets back to about 3% and trending lower. The market is cautiously optimistic about inflation but that 'cautious' thinking doesn't lend itself to the kind of conviction to sustain a bull market unless the data cooperates.

Obviously though, data has ebbs and flo... Read More

Posted: Jan 26 2023, 15:58
Author Name: forexlive
Views: 102377

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