Is Sell America sneaking up on the equity bulls?

Mid-week market update: The S&P 500 were consolidating its gains after the upside price gap in reaction to the Sino-American interim trade agreement. You can tell a lot about the psychology of a market by the way it reacts to gaps. So far, the gap hasn't been filled - and some gaps are never filled, which is a bullish development.

 

 

Beneath the surface, however, risks are rising, especially in the form of the ascendance of the "Sell America trade".

 

The full post can be found here.

 

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