S&P 500 Bulls – Slow But Not Slow

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ValueWalk

S&P 500 bulls need to play good defence now as 4,040 predictably stopped the rally yesterday. The retreat in junk corporate bonds with cyclicals should give the buyers some pause. And as clear risk-off is unlikely to strike today (earnings aren‘t as strong a catalyst to trigger that, and UK figures didn‘t have that power either), we can look forward for both TLT to remain well bid, and tech not totally mirroring its daily strength. It‘s about the soft landing, and its odds to be dialed back somewhat next – before the hype returns for next week‘s FOMC. For S&P 500 that means a lean day today of…

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