November 18, 2022
Good morning,
This week is coming to a close with markets still on pause. Futures are up +0.90% in pre-market trading, and with that gain, puts the S&P 500 Index right on top of where it closed out last week. Bonds have been similarly quiet. Crude and the dollar are the only markets where there has been some selling.
Fed messages, as recently as yesterday, that interest rates will continue to rise for a while yet seem to be well digested by the market. A technically strong short-term rally is underway with still healthy (skeptical) sentiment. Have a nice weekend.
Be well,
Mike