Stock Market - Some Afternoon Thoughts - John Rothe | Portfolio Manager, Quant, Tech Geek, And Sometime Superhero To My Kids

Stock Market – Some Afternoon Thoughts

Lots going on today:

Some quick thoughts:

-S&P 500 has broken trend, but is at a level where we may see some short covering

-Traders I have spoken to don’t seem eager to cover trades yet, however

-Concern over US banks’ exposure to French banks becoming a concern

-Market seems “pulled” to last summer’s levels

-Gold seems to be holding pattern

-However, may become source of funds for end of day margin calls

-May be seen as an opportunity. If markets continue to fall we may see more liquidity pushed into the markets by the Fed. This will get the inflation bugs excited.

 

 

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