Don't be lulled to sleep by the recent stabilization in the market.
The underlying index of the ETF continues to look weak.
Markets are in safety mode in anticipation of a potential acceleration of any coming economic recession.
When bad news gets a negative reaction, that's when we know the market is starting to worry about a potential recession.
Price action drives the market narrative, which is why the bulls are in control.
Let's see if the firm is back on track.
The troubles at SVB Financial once again raise the question of just how interlocking the financial system is.
The question becomes whether the problems at the parent of Silicon Valley Bank are more than just an isolated incident.
This is the key to determining if the current bull trend will continue, or is about to end.
Why get excited about the ADP print when by Friday morning, regardless of outcome, your brain will immediately discard it as meaningless?