Due to a technical issue, I was unable to show some of the charts in the video. The remainder of the charts can be found inside my report below. Sorry for the inconvenience.

The video in this report is only accessible to members
The video in this report is only accessible to members

Near-term trends for US Equities are bullish and should require consolidation in the weeks to come following their sharp rallies from October lows.  Treasury yields and US Dollar should be close to bottoming.   Equity indices might temporarily peak this week and pull back ahead of a rally into 2024.   At present, precious metals, Crude oil, and Cryptocurrencies arguably are more attractive than Equities over the next few weeks.

As discussed earlier today on “Flash Insights”, the new intra-day service for Fundstrat clients and FSInsight subscribers, S&P traded down meaningfully from earlier highs after earlier rally attempts.

SPX is now largely unchanged over the last six trading sessions and Wednesday’s close of 4550.57 lies less than 4 points from levels achieved last Monday, 11/20/23.

SPX is now negative week-to-date following Wednesday’s close, despite rates having made fractional downward slide.  I’ve argued that rates should be nearing support, and Wednesday’s trading did little to dissua...

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