MacroVoices #366 Louis-Vincent Gave: Staying Humble in Troubling Times
Macro Voices
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We're Now Below the 100 Day Moving Average
We finally got a bullish signal on Monday which was a daily close over the 100 day moving average. It seemed like maybe that was a strong bullish signal but it turned out to be a fake breakout after all. And then as Jay Powell took the stage with more hawkish than expected commentary from the Fed, everything, all assets started to dive at that point. We're now below the short term moving averages. So it looks like we're now seeing a new leg down that has begun.
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