Carlsquare weekly market letter: Tech rebounds as Fed trembles
15 mar 2023
Read the weekly letter here:
Carlsquare Weekly market letter
- The Fed has hit a wall in its efforts to drain the market of liquidity as US banks start to fall like apples in the autumn. The Fed is now likely to slow the pace of rate hikes. The day the Fed throws in the towel and ends its current path of removing liquidity from the market will be a buy signal. We smell spring, and a bull is running, but we are not there yet…
- In our last weekly letter, we warned of an evening star in the S&P 500. The trigger for the next significant move will come from the Fed.
- The chart below show US banks in red and technology (Fang index) in blue.
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