Bear Market for the S&P, Finally, Maybe: Daily Contrarian, May 20

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Bear Market for the S&P, Finally, Maybe: Daily Contrarian, May 20

The SPY inching closer to the level that signifies a bear market, but a surprise interest rate cut from China’s central bank is leading to a bit of a relief rally this morning…

May 20, 2022

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Good morning contrarians!

Stock futures are pointing to a strong rally at the open after an unexpected interest rate cut from the PBOC, China’s central bank. The move is ostensibly to help that countr…

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