Asymmetric Investment Returns is a blog authored by Mike Shell since 2006, covering topics about asymmetric investing and trading for asymmetric risk/reward in pursuit of asymmetry.
Trend analysis of the U.S. stock market trend using the S&P 500 Equal Weight Index
US Pending Home Sales Crash By Most On Record
The stock market, as measured by the S&P 500, needs to hold this key level to retain the short term uptrend.
JP Morgan's outlook focuses on three very different scenarios, with a baseline (40% probability) of seeing the building drag from an expected 5% fed funds rate and a rising US dollar as sufficient to tip the economy into a mild recession late next year.
The flash PMI data for November disappointed and looked pretty pessimistic.
Liquidity drives returns and the damage is not done yet