Pigpen
04-12
$S&P 500(.SPX)$  watch the bond market. The strongest signals will come from there for the foreseeable future. The actions of sovereign buyers and large institutional investors in participating will set prices and yields. if bond prices continue to fall, be prepared for a break in the yield curve. And that could trigger a bloodbath in equities. Unless of course, the current tariff chaos is swiftly shut down.
Tariff Tensions: Is a Double Bottom Coming for S&P 500?
Citi equity strategists have downgraded their rating on the U.S. stock market, citing recent developments such as Deepseek, Europe’s fiscal stance, ad rising trade tensions as reinforcing their view on diversifying investments outside the U.S. market. “From both GDP and EPS perspectives, the drivers of the 'exceptionalism' narrative are fading,” noted the bank’s strategists, including Beata Manthey. The U.S. stock market rating has been lowered from Overweight to Neutral. Is it a double bottom coming?
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