In today’s briefing:
- Market Extended Entering Seasonally Weak August; Meaningful Pullback Imminent? Not Likely
Market Extended Entering Seasonally Weak August; Meaningful Pullback Imminent? Not Likely
- We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
- We will maintain our bullish intermediate-term outlook as long as market dynamics remain healthy and SPX is above 6028-6059 (up from 5700-5785 as it is highly unlikely to be tested).
- Some will point to August seasonality as a reason to be cautious; we simply are not seeing any signs that suggest a meaningful pullback is imminent.
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