What’s needed to think lows are in for SPX and QQQ

Key Takeaways

  • Thursday’s sharp rally caused many to expect (yet again) that lows are in; however,  breakouts above SPX 4114 and QQQ-306.56 are minimum requirements.
  • Stock/bond correlation still intact as both stocks and Treasuries rallied this week.
  • Cryptocurrencies rebounded Thursday, following the rally in risk assets.
The S&P bounce might seem to be reason for hope for many investors; however, yet again, this has taken on characteristics of a counter-trend mov...

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