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US equity rally, can we trust it?


30 May 2022 Written by Chris Weston  Pepperstone Head of Research Chris Weston

For those who follow Pepperstone official Twitter account, here's a daily snapshot of what went down. The month-end flow is the big factor and if you look at volumes in S&P 500 futures they are poor, all sounds like artificial flow – reeks of a bear market rally (BMR) – and as we know with BMR’s trade them, but don’t trust them!

Aside from a market that has priced in a mild recession and sentiment is shot, here are a few things catching my eye

 

 

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