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S&P 500 At Critical Level for Risk Trends, Dollar Fate

S&P 500 At Critical Level for Risk Trends, Dollar Fate

John Kicklighter, Chief Strategist

Though there were many making positive interpretations of the Fed speeches this past week, there is little mistaking the momentum towards the Taper. And yet, risk trends are holding their recovery. With the specter of a near-term curb on the pace of stimulus looming, we have found targeted assets like Treasuries and mortgage-backed securities plunge; but the traditional sentiment bearer S&P 500 has refused to signal the mass deleveraging effort that presents constant threat. With the benchmark index back at the level that marked its post-Fed sentiment shift, we are accessing a critical technical and fundamental balance. Is this a genuine return to advancing capital markets or the perfect last-minute rebound before a long-term bear trend? We discuss this and the trade scenarios in today's video.

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