Wall Street looks ready to try to break with a three-day selloff, but with no sign of a halt to the devastating carnage nor a diplomatic solution to the Russia-Ukraine war, that looks like a tall order.
Our call of the day, from BTIG’s chief market technician Jonathan Krinsky, is also looking at March patterns for stocks, and he thinks a bottom could be near. But he also offered a warning that a final “washout” for stocks hasn’t yet arrived. “While it’s difficult to know which of those we could be approaching, we think at least a tradable low is approaching later this month, albeit from a lower level,” said Krinsky.
The European Union is reportedly considering a joint bond issue to finance energy and military spending, news that initially gave European stocks and U.S. equity futures a decent lift.
Same time when Federal reserve meeting is scheduled on 14-15 March
Time to short? Thanks for the confirmation
IF IF IF is true, then ...