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S&P 500 Futures - Jun 24

CME
Currency in USD
Disclaimer
5,112.25
+64.75(+1.28%)
Closed

S&P 500 Futures Discussions

Bulls must realize that hedge funds have run up profits like crazy for 2020 and 2021. They are not going to let money sit in growth stocks and let retail pull the rug. Never workd that way. They will continue to lock in profits by selling and will buy and let money safely sit in bonds for a yield just under 2%. Why would they risk losing clients money with such uncertainty in the market. Bond yields will spike for the rest of the week as banks are being forced to sell bonds and increase capital reserves. As the yield goes up, bonds become more enticing for hedge funds. Retail will be left holding bags for next month or two. Would not be surprised to see the 10 year hit 2% this week. Dont be distracted by the noise. Suez blocked, yet oil stocks plummet. Hedge funds being liquidated from bad bets. Infrastructure bill bullish?! No way. Look at copper futures and miners. Market is correcting. Friday was a bl/owoff top. Even if they pump a bit more. Correction by mid April at latest.
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