The bear’s revenge is at hand

Sunday 19 February 2023

Steadily now, the bear market rally in equities is deteriorating. The Market Ear leads us off with the technicals.

Breaching the 2023 trend channel

SPX is currently below the trend channel that has been in place during this year. Note we are below the short term 21 day moving average. Not looking great…

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.