Q4 May Bring More Of A False Hope Than A New Dawn
The market's current challenges extend beyond just the well-covered calendar concerns that expire this week.
Key Takeaway: The absence of fear and strength and the persistent rise in bond yields suggest that recent rockiness could carry into Q4. To get more constructive we need to see market improvement not just calendar progression.
In case you missed it: I discussed some of these issues when I stopped by the 2023 Chart Summit on Tuesday afternoon. You can catch the replay here (my comments start at about the 1:00 mark on Day 1) and download the deck I used here.
Paid subscribers can watch this week’s Three for Thursday video update and download the chart pack:
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