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S&P 500 Stages Reversal, Dollar Volatility After Powell, Dow the Worrying Signal

S&P 500, NASDAQ 100, DOW, COVID AND DOLLAR TALKING POINTS: The S&P 500 has carved out an aggressive head-and-shoulders reversal pattern, but is this artificially shaped by month-end activity? Fed Chairman Powell is warning the markets that the FOMC may very well accelerate its tightening time table in two weeks. As we wade through capital flows, monetary policy speculation and growth updates; I remain concerned about the ‘signal’ from the Dow.   RISK AV


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