peterschreiber.media
From bearish to neural
I initially recommended to sell the S&P 500 (NYSEARCA:SPY) on August 15th, and since then, SPY is down by nearly 15% - and it just touched the June lows. There are good fundamental and technical reasons to
SPY: I Covered The Short Position
Summary
- The peak in Fed hawkishness has likely been reached.
- SPY's price has reached the June lows.
- Tactically, it's appropriate to cover the short position for now.
Commodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance.
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