“My lesson from Soros is to start every meeting at my boutique by convincing everyone that we are a bunch of idiots who know nothing and are mistake-prone, but happen to be endowed with the rare privilege of knowing it.” – Nassim Nicholas Taleb
Most will be focused on daily action around the 50DMA across the board as most charts are hovering around key inflection points. Sadly, shorter-term, technicals may need to take a bit of a backseat as action will likely continue to be dictated by headline risk.
As previously discussed, in terms of intraday action, we would continue to keep a very close eye on how credit and oil are trading (with and without headlines).
Our current view and thinking is highlighted in the latest Weekly Outlook Video.
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