What to watch heading into 2022.
The S&P uptrend remains intact, while the short-term weakness in the dollar helps bid cyclicals. The “risk-on” assets like Bitcoin and tech stocks are the support beam for this fabricated market.
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S&P 500: Trend is still your friend
Bottom line:
The inflation headline narrative is an overcrowded trade.
Energy and commodities are rolling over, while…
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