Stock bear roars

Monday, 23 October 2023

The Market Ear kicks us off.

Double Trouble

S&P500 breached the 200dma. That in itself is somewhat exciting but if you add that this is happening when the 50 day has crossed the 100 day, it gets very interesting. The last time both of these signals were in play was February 2022. Not a good time to be long…

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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.