The next sucker’s rally will come lower when the Fed pivots to a neutral bias. Only Fed panic stops this selloff.

I predict this "capitulation" rally is a sucker's rally as it was in October 2008.

It preceded wave '3' down crash.

The next sucker's rally will come lower when the Fed pivots to a neutral bias.

Only Fed panic stops this selloff. pic.twitter.com/K4Mkjbv9Fy

— Mac10 (@SuburbanDrone) July 24, 2022

🇺🇸 #Fed to Inflict More Pain on Economy as It Readies Big Rate Hike – Bloomberg
*Link: https://t.co/RadL6pS1wJ pic.twitter.com/kWez0Kk1ir

— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) July 24, 2022

Over 25% of homeowners dropped prices last month: $XHB $HOV $LEN $PHM $TOL pic.twitter.com/orsumclUaV

— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) July 24, 2022

🇺🇸 45% of Small Biz Employers Stop Hiring & 4% Plan Layoffs – Alignable
*Link: https://t.co/yBSZMO3rhr pic.twitter.com/ilUsNhcFyO

— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) July 24, 2022

Wallstreet thinks $SPX will end the year at these prices pic.twitter.com/oOR4JPM5Gk

— Cheddar Flow (@CheddarFlow) July 24, 2022

On the radar
-German Ifo
-US consumer confidence, house prices, GDP
-FOMC!

Markets: US10yr yield down to 2.75% – key line in the sand, DXY pulling back to short-term support 106.5, gold bouncing off support, WTI drifting lower, stocks rally stalling…

— Callum Thomas (@Callum_Thomas) July 24, 2022