The best thing I can say about the S&P right now is ‘there will be bounces’.
Here is a chart of the S&P that caught my eye:
It’s not the end of the world, but conditions are pretty ripe for bounces to be weak and a nasty stock market.
Interest rates are rising, walls are being built, tariffs are happening and like I mentioned yesterday, Zuckerberg invited regulation into technology which is the biggest part of the S&P.
Markets, like the people that trade them, get tired.
I get my macro news from stock and market prices and these prices are making me cautious.
Now is a good time to be working on the micro, whether it’s sales calls, hiring or raising money.
Focusing on the macro and reading headlines in this environment will zap your energy at the worst possible time.
Hope this helps.
Also published on Medium.