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The Market Ear on the chaos of the child president.
Break away
SPX is crushing the short term resistance around 5700 (futures), trading well above the 200 day for the first time since March. 5900 is the first resistance to watch. A close above that area and people will be starting to mention ATHs…
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Source: Refinitiv
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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.