MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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The S&P 500 Is a Bullish Market but Bearish Longer-Term
The S&P 500 hasn't broken any of the primary trends. The market has lost a lot of momentum outside of the NASDAQ, and actually seems rather heavy for me. I'm still very bullish short-term, but bearish longer-term especially as we consider that we have the FOMC meeting coming up in a couple of weeks.
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