Pent Up Bottom Buying Demand For S&P 500

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ValueWalk

S&P 500 continued the real FOMC move, which points down as befits tightening into slowing economy on simultaneous proclamations of strong banks. Short end of the yield curve didn‘t really budge yesterday, and the only factor beyond my Apple (NASDAQ:AAPL) earnings expectation allowing me to call for a modestly bullish Friday, was of technical nature. Selling in bonds was slowly evaporating, and several key sectors I like to watch in connection with the 500-strong index, were nearing their logical supports without either showing willingness to break them. Bears won‘t have an easy day as the bear…

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