Are you taking the rollercoaster today?The market is shaping up for the opening on Tuesday after the holiday yesterday. As of writing, the futures look firm with all indices pointig up at least 1%. The worries people had just a week ago seem to have dissipated a bit. What a fickle group of people. It was only a few days ago everyone was certain of a recession. Goes to show howsentiment driven this market is rather than fundamental based. I mean how much has the fundamentals or macro picture changed since then? Not much to be honest! So best thing to do in such a market is to be objective based and certain of what needs to be done. A bear market is historically interjected with brief periods of optimism seen by sharp rallies better known as bear market rallies. Then when ever
NEW YORK, June 11 - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th