S&P 500 Bull Trend, Dollar Bear Trend as Recession Signals Set In and NFPs Approach

[MongiIG]

Despite the Fed keeping the aggressive pace of rate hikes among the world’s largest central banks and US #GDP data confirming a technical recession (by the old definition), the S&P 500 and risk assets continued to charge higher. Is this a fundamental-overriding drive or bear market bounce that will stall with event risk like the upcoming #NFPs?