IWM May Be Lining Up To Pull The QQQ And SPY Lower (Technically Speaking For 12/9)

Dec. 09, 2021 5:50 PM ETIWM, SPY, QQQ16 Comments
Hale Stewart profile picture
Hale Stewart
10.4K Followers

Summary

  • Finally, there's a major Chinese default.
  • Wages are going higher.
  • The IWM may be pulling the larger caps lower.

Black Bull and Bear

peterschreiber.media/iStock via Getty Images

And, finally, Evergrande has defaulted:

Fitch Ratings cut the developer to restricted default over its failure to meet two coupon payments after a grace period expired on Monday, according to a statement. The credit assessor

This article was written by

Hale Stewart profile picture
10.4K Followers
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.

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