Model switches to CASH/NEUTRAL.
The election of Powell boosted the odds of a more hawkish stance and at least 2 rate hikes in 2022. The dollar is also continuing its advance. Best to move to cash here then decide if a reentry into a buy signal is prudent once the dust settles. Inflation is an issue which is forcing a hike or at least a balance sheet taper, but markets are unforgiving so they have little headroom.
Market Direction Model - Model switches to CASH/NEUTRAL on November 22, 2021
|Published:||22 Nov 2021 11:50 ET|
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