When Bulls Take a Breather
Volume 147 - The Week Ahead
Good morning from Le Sud!
Last week we finally saw the first real pullback in months. SPX dropped 2.4%, small-caps got hammered, growth momentum stalled, and macro data turned “ugly”. Payrolls missed badly, revisions were worse, and ISM manufacturing slipped into contraction territory, giving plenty of red meat for the bears to feast on.
Things change, and now I am bearish…