ALL SIGNAL. ALL NOISE.

QRA Funding Composition Enters The Chat

$6500 SPX Approaches - Before Or After A Pause?

Back on July 7th, I posted for clients a review of bullish market factors that should continue to keep animal spirits in play: SPECULATING LIKE IT'S 2021

In summary, markets are back to speculating like it's 2021, front-running rate cuts, and pricing in melt-up not melt-down.

And truth be told, the market can go parabolic into Q3/4 which would set up for a 'fake breakout, fast failure' pattern of concern into the new year - - as discussed this morning live with levels: $6500, $7000, $8200.

We hit $6400 today on news of an EU-US trade deal struck this weekend…

Let’s review the same bullish triggers that have been in play for awhile, the data deluge this week and how funding the fiscal deficit matters to market returns…