Deepseek pops the tech bubble

Tuesday 28 January 2025

The Market Ear with the carnage.

It was late

On Thursday we pointed out the logic on why it was “Getting Late To Chase The Market”. SPX has reversed aggressively right in the top of the range. 100 day comes in around 5950 (futures), but the big supports are down in the 5900/5850 area. This is where the big trend line, and range lows come in.

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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.