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Navigating The Market
A Turn Lower For Stock Could Finally Be Here

A Turn Lower For Stock Could Finally Be Here

Michael J. Kramer's avatar
Michael J. Kramer
Feb 09, 2023
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Navigating The Market
Navigating The Market
A Turn Lower For Stock Could Finally Be Here
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The S&P 500 is trading lower today by approximately 1% and was within 6 points of where it was when Jay Powell said "Hi" before the short squeeze began. Perhaps it confirms that much of the upward movement yesterday was due to the implied volatility melt we have repeatedly seen, or perhaps this is just a retracement.

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