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Stocks ramp into Santa

David Llewellyn-Smith
Monday 2 December 2024
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The Market Ear with the bull.

Imminent upside risk?

All bigger moves lower in the AAII bull-bear spread have been followed by the SPX moving higher. Is this the next “pain” trade, especially as SPX hasn’t even retraced during the latest sentiment “puke”?

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.