$SPY & $QQQ Bottom for Stocks? | Bill Baruch | Fox News Interview | Blue Line Futures

Posted: May 26, 2022, 11:10 a.m.

Click Subscribe!! We Appreciate Our Followers!! Bill Baruch, President of Blue Line Futures, joins Fox Business to discuss the Stock & Commodity Markets.

Key Takeaways:

-Inverse Head & Shoulders in the $SPY gives momentum to the bulls, as they march towards the 21 DMA.

-Coming into earnings season, there was a sell now ask questions later mentality.

-Sellers exhaustion is here, $NVDA, $GOOG $AAPL is positive after selling off yesterday.

-Raphael W. Bostic, the Atlanta Fed President, and Kansas City Fed President Esther George both feel a 2% benchmark might be enough to stop raising rates.

-If Inflation has not receded by the time of the Jackson Hole Economic Symposium, there could be a hawkish pivot from the Fed

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