Are Today's $SPY & $QQQ Lows Similar to 2008/9 & 2020? | Bill Baruch TD Ameritrade Interview

Posted: May 14, 2022, 6:58 a.m.

There are some parallels taking place to other bottoms we have seen in the equity markets in years past (2009, Covid lows of 2020):

The recent decline in the Chinese Yuan & Shanghai Composite as the US Fed is tightening is reminiscent of 2015.

Many trading participants are speaking about not being able to have an equity bottom without a $VIX spike. Why could this not be the case this time? (Think August 15')

Have the markets brought the most pain to the most people? (Think 60/40 portfolios)

If a 3.25% yield in Treasuries is a short term ceiling, from a technical perspective it shows an inverse Head & Shoulders.

The US Dollar rally has continued to put pressure on Gold & Silver, regardless of any positive news out of China's lockdowns waning.

Keep an eye on June, July & August Inflation numbers. That is what the Fed & Jerome Powell will be paying attention to!

What should you look for in the $QQQ vs $XLP ratio?

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