Macro digest: Timing model selling S&P...

My timing model just sold S&P @ 1338.00 with 1361 stop on daily close.

 

Arguments for being short is many, but of course geo-political risk, Ukraine, elevated energy prices, expected slow-down from US consumers as food- and energy is up 20% at retail levels due to harsh winter and new Winter storm is now coming into the US… (…Winter storm Titan poised to strike)

 

Combined with dismal start to US data and we have another risk of sell-off……..

 

 

 

Med venlig hilsen  |  Best regards
Steen Jakobsen  |  Chief Investment Officer

 

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