Despite the market's recovery, the bulls aren't out of the woods and downside risks remain. Here's why.
The full post can be found here.
The anatomy of an air pocket
July 21, 2021 at 16:18 PM EDT
Mid-week market update: I could tell that a panic bottom was near on Monday when how many people had lost their minds when the S&P 500 fell -3.7% from its intraday all-time high, both from my social media feed and emails (see A sudden risk-off panic). The S&P 500 rallied impressively on Tuesday to fill Monday's downside gap, and today's follow-up was equally constructive.
Despite the market's recovery, the bulls aren't out of the woods and downside risks remain. Here's why.
The full post can be found here.
Despite the market's recovery, the bulls aren't out of the woods and downside risks remain. Here's why.
The full post can be found here.
