Market Notes for 6/12-6/16
Recap of last week: Last week, we predicted that the market would likely experience choppy trading due to the slow news week, and that's exactly what happened. The SPY closed the week with a gain of +0.46, while the tech sector performed weaker. Additionally, the market closed above 20% from its lows, which serves as a technical indicator that the bear market is over. This observation aligns with the AAII bull-bear sentiment, which came in at 44% bullish, the highest level since November 2021
Economic Calendar/Important Earnings for the week: Obviously all eyes will be on FOMC Wednesday and then Powell Speech right after.
Monday
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