MacroVoices #383 Juliette Declercq: Update on Immaculate Disinflation Thesis
Macro Voices
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The S&P 500 Is in a Strong Bold Trend
Spot price on SPX is 44.50; implied move for July 21st op-ex is plus or minus 80 points. Key resistance right now is right above at 4500, key support is at 4400. I'm inclined to think that we see some selling in tech and some rotation to the small caps going into the end of the year. We're coming to a pretty important point where we're going to find out whether or not they buy that dip.
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