31 days ago • Posted by Paul de La Baume

#S&P500 futures gains #stocks #markets #bears #bulls

S&P 500 futures are up 0.5% after the selloff triggered by the Federal Reserve Chair Powell's strong words on more financial conditions tightening needed to bring down inflation. Traders are still in fear that the Fed's quantitative tightening and a spike in the dollar could trigger a recession. From a technical perspective, we are around a 50% retracement of the rally from the June lows.  The S&P 500 could find some support around current levels or slightly below.