S&P 500 premarket weakness was overcome shortly after the opening bell, prices held up, but there was something odds heading into the close, why I warned about dump danger – and we got selling into the close, Bessent‘s remarks before the open – and here we are, with a premarket consolidation Tuesday while the dollar isn‘t going anywhere. Be ready for volatility and lack of real leadership, which was the clue for me during yesterday‘s session after warning that GOOGL, XLC doing fine yesterday wasn‘t enough in the least.
You can hear me cover this and more in today‘s brief video – hope you didn‘t suffer in any downswing, clients did not.
