S&P 500, Dollar, Monetary Policy, Recession, EURUSD and USDJPY Talking Points:
- The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDCNH Bearish Below 7.0000; USDJPY Bullish Above 127.00
- The S&P 500 posted its biggest weekly advance in 2 months to the threshold of breaking its bear trend while the Dollar posted an equivalent historical loss to land at its 2021-2022 midpoint
- There is real technical pressure behind the markets, but do we have the fundamental backdrop necessary to forge the conviction necessary to turn trends?
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