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Carlsquare weekly market letter: Bull trap in the making?

Read the weekly letter here:

Carlsquare Weekly Letter 19 Oct 2022

Carlsquare Weekly Letter

  • The Q3 report season has started weakly in the US, a warning sign. But expectations and whisper numbers may have been even lower. The only way to trade the market is to look at the moves and not too much on the news screen. Have the mindset that someone may always try to manipulate you! From a technical perspective, the market is retracing from a strong support level. With the reports from the IT companies ahead, we have a classic setup for a Bull market trap!
  • Look out for technical support and resistance on S&P 500 and more and more volatility in the market. We may have a technical rebound, but the overall trend is still negative. But lower stock market prices are also improving the fundamentals – so stay tuned!

Below are the forward Prices/Earnings for some of the leading global stock market indices.

Disclaimer: The information in this presentation is based on what the publisher Carlsquare deems to be reliable sources. However, we cannot guarantee its content. Nothing written in the presentation should be construed as a recommendation or solicitation to invest in any financial instrument, option or the like. Opinions and conclusions expressed in the presentation are intended for the recipient only. The content may not be copied, reproduced, quoted, or distributed to any other person. Carlsquare shall not be liable for any losses whatsoever caused by decisions made based on information contained in this presentation. Historical returns should not be taken as an indication of future returns. Changes in foreign currency may affect the value, price, or yield of an investment made abroad or in a foreign currency.

The analysis is not directed at U.S. Persons (as that term is defined in Regulation S under the United States Securities Act and interpreted in the United States Investment Companies Act of 1940), nor may it be disseminated to such persons. The analysis is not intended for natural or legal persons where the distribution of the analysis to such persons would involve or entail a risk of violation of Swedish or foreign laws or regulations.

Carlsquare weekly market letter: Bull trap in the making?