Stocks Not Too Bothered by Higher for Longer
MRKT Matrix
00:00
The Blackstone Slide
The market is too optimistic over the economy, weakening. The lag effect and the residual effect of higher rates on the economy and the market can be felt for quite some time. We were drawing that downtrend for a while; we don't have to do that anymore. But if you look at that kind of level that we drew, the resistance line at that was, you know, a level that I think the S&P broke down from in September here,. You see the 200-day moving average, 3943 or so? That's where my tune is now.
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