First Look: 2022-10-21
S&P 500 futures were under modest pressure overnight, especially when considering how bonds were taking it on the chin and coasted toward support at 3646.00 right before the open. Next a burst of buying on a WSJ piece suggesting the Fed is about to pivot or pause. As you know, I don’t find that terribly surprising given where bonds are right now. Anyway, should mean that we won’t see a crash today unless you mean crash up. Over 3712.75 leads to 3737.50 and more.