Announcement
Super Grannies and Market Update – June 30 Webinar Cancelled

What Our Clients Are Talking About Behind The Scenes

Equity markets continue to struggle as my work has been suggesting.  The big events for last week were the FOMC meeting and the large quarterly option expiration that has added to the challenging increase in volatility. Last week, the S&P 500 traded between 3840—3636, which is just above my longstanding next downside target range of 3600-3500 and closed near 3700 as there is still a hope by some that a significant low has been reached.  Besides being oversold on some metrics and

Equity markets continue to struggle as my work has been suggesting.  The big events for last week were the FOMC meeting and the large quarterly option expiration that has added to the challenging increase in volatility. Last week, the S&P 500 traded between 3840—3636, which is just above my longstanding next downside target range of 3600-3500 and closed near 3700 as there is still a hope by some that a significant low has been reached.  Besides being oversold on some metrics and a handful of sentiment indicators flashing depressed levels, my work does not yet provide any compelling evidence that it’s time for investors to pivot to a full bullish view.   

...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In