Still too many bears…
SPX just catching up Overbought…
…but still not at extremely overbought levels. Source: Refinitiv The long lags of Fed policy “One of the key elements of our firm view is that the long lags of Fed policy had always meant that the economy would steam along for multiple quarters until unemployment surged. With company fundamentals still well intact, we ran forward this analysis from late last year and projected the Sahm indicator (delta between rolling 12M minimum UE rate and the current level) our using the Fed’s own UE forecasts for […]
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