Market Notes for 9/12-9/16
Recap of last week: Last week we predicted that the market would consolidate around 3900-4000, it did for the most part until breaking this range to the upside on Friday. The best chance bears had last week was slamming it down after the WSJ article on 75 BPS and then another opportunity the next day where Powell and Largarde were both hawkish. Markets bought the dip heavily on both these bearish events which is very concerning for bears.
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