Is This A Bear Market Rally? | Bill Baruch | Blue Line Futures | TD Ameritrade Interview | 6.1.22

Posted: June 1, 2022, 12:29 p.m.

Bill Baruch, President of Blue Line Futures joins TD Ameritrade!

Key Takeaways:

-Bill is cautiously bullish Equity Markets, as there is less hawkish fed speak, china re-opening, and an inverse Head & Shoulders in the $QQQ and $SPY.

-Fed President Jim Bullard & Board Member Christopher J. Waller's comments should be paid attention to for hawkish/dovish tones.

-USD/CNH has come off recent highs (US Dollar has weakened against the Chinese Yuan)

-Crude Oil higher (Contract high in July of ~$120) will put pressure on Rates & Equities.

-Jobless Claims are released tomorrow, Wage growth numbers on Friday. The Fed will be paying attention to these, as well as Inflation data in June & July for their next move.

-Where is $Bitcoin headed next??

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