Market uncertainty is intensifying, investors should be cautious in buying dips👀
Looking ahead, we may see a relief rally at the end of the month like the one we saw yesterday on the SPX. After all, short-term technical indicators across a variety of stocks and bonds are showing oversold signals. However, based on current market conditions, we feel the only appropriate action is Either keep the position closed or go short, trying to buy the bottom may be futile. In addition, Republicans seem unable to reach a consensus and the U.S. government may enter a partial shutdown as early as this weekend, adding more uncertainty to a market already hit by macro factors.
