In this short clip from Live Trading Room (08.21.24), I discuss how active managers, as measured by the NAAIM exposure index, hesitated to "buy the dip" during a recent market rebound, which may indicate a lack of trust in the recovery.
I emphasize the importance of watching the 2-year yield, which she believes could lead the Fed to cut rates. I also discuss the USD/Yen relationship and predict potential weaknesses in the Yen.
Additionally, I analyze the Growth ratio, suggesting that while the market is experiencing a bear market rally, it's still driven by a bullish impulse within a bearish context.
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