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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: September 4, 2010
S&P now back at resistance
Stocks rallied this week. In North American markets it was enough to erase what had been negative gains year to date as at the end of August. Now the S&P 500 is basically back at its longer-term resistance levels (again) … Continue reading
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