Trolls getting very rude and confident after yesterday's rally.
All NASDAQ 100 did was re-testing neckline again with a bearish divergence.
Not buying this rally. pic.twitter.com/v37Au3yVIj
— HOZ (@MFHoz) July 28, 2022
Nothing has changed really since yesterday. The market expects the Fed to not only pause but pivot in 5-6 months from now.. pic.twitter.com/AFF5YefGNV
— AndreasStenoLarsen (@AndreasSteno) July 28, 2022
Investors are parsing Powell's words to determine if he is getting close to a pivot.What I heard yesterday was a continued focus on inflation & still a lack of awareness of the deep recession that's coming.I suspect that will change between now & the Sept meeting as data worsens.
— David Hunter (@DaveHcontrarian) July 28, 2022
A strong dollar often means weaker international revenue from many multinationals. I expect we'll continue to hear about that this earnings season both for the prior quarter, and in forward guidance. pic.twitter.com/lILEiStF5V
— Markets & Mayhem (@Mayhem4Markets) July 28, 2022