HIBL - Will The S&P 500 See The Quarter-End Rally?
- From the March ’22 lows, the SP 500 traded up to 4,637 on March 29th, accounting for an approximate 11.5% rally.
- Right now, the only way the Fed can seem to deviate from its current course is if jobless claims start to rise (jobless claims actually bottomed in late March ’22) but they would seem to require a faster slope of degradation before impacting Fed / FOMC policy.
- Readers have the shorter-term game plan in terms of trading the equity market and it wouldn’t likely be good for the equity market if the 10-year Treasury yield traded above its May 9, 2022, 3.16% high print, since you’d have to think the next target is the late 2018 high of 3.22% – 3.24%.
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Will The S&P 500 See The Quarter-End Rally?