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Daily Report : TradingEdge Weekly for Sep 20 - Reversal momentum, mortgage relief, seasonal sore spots

Jason Goepfert
2024-09-20
This week, we saw that big weekly reversals in major equity indices have tended to lead to FOMO and more gains in the months ahead, as do plunging mortgage interest rates. It's not that easy, though, with some concerns on the horizon like low risk appetite across other markets. The Fed ended one of its longest tightening cycles, and seasonal effects are particularly strong right now.
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TradingEdge Weekly for Sep 20 - Reversal momentum, mortgage relief, seasonal sore spots: This week, we saw that big weekly reversals in major equity indices have tended to lead to FOMO and more gains in the months ahead, as do plunging mortgage interest rates. It's not that easy, though, with some concerns on the horizon like low risk appetite across other markets. The Fed ended one of its longest tightening cycles, and seasonal effects are particularly strong right now.

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Research

TradingEdge Weekly for Sep 20 - Reversal momentum, mortgage relief, seasonal sore spots

By Jason Goepfert

BOTTOM LINE
This week, we saw that big weekly reversals in major equity indices have tended to lead to FOMO and more gains in the months ahead, as do plunging mortgage interest rates. It's not that easy, though, with some concerns on the horizon like low risk appetite across other markets. The Fed ended one of its longest tightening cycles, and seasonal effects are particularly strong right now.

FORECAST / TIMEFRAME
None

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% Showing Pessimism: 14%
Bullish for Stocks
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% Showing Optimism: 33%
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