Market Bounce Coming

The height and duration of this bounce will tell us how aggressive buyers and sellers are.

PRE-OPEN MARKET COMMENTS FRIDAY – Not much has changed overnight. Global markets are trading higher and the SPY might have established a temporary support level this week. End of month fund buying will keep a small bid to the market today. The third revision to GDP was in line with expectations and PCE was a touch better than feared. Inflation in the EU fell to its lowest level since October 2021 (4.3% vs 5.2% expected).

Daily Bulletin Continues...