Who is Bullish Right Now on the Stock Market or Bonds? $SPY $QQQ $BND
Seems like there isn’t ONE person who is bullish right now. I speak to many professional traders during the day. Overwhelmingly it seems most are expecting a turn down in the stock market. I was recently told ” We are not putting new money to work in the stock market”.
The same could be said for interest rates. Virtually everyone thinks interest rates will go higher. Ironically in my automated trading systems I have been long various interest rates since March. Not that I try to have any opinion on my trading, I was not confident in taking trades that are the antithesis of my belief. The markets do not care about our opinions or thoughts. The market will do whatever it will.
There is a war between bulls and bears being fought on the 50 day moving average lines. Time will tell…choppy periods like this are very tough. The only way to avoid the frustration is follow a trading plan that matches your personality.
Past performance is not indicative of future performance