MacroNYT Business
Stocks Slide as Investors See Rates Rising After Strong Jobs Data
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
The S&P 500 experienced its largest single-day drop of the year, falling over 2.6% on Friday and breaking a nine-week streak of gains. This market reaction was driven by investor concerns that robust jobs data will compel the Federal Reserve to continue raising interest rates.
The two-sided take
Angle
↓ SHORT-3% target+1% stop1-2 weeks
Short SPX via SPY on the hawkish Fed pivot, targeting a retest of the 200-day moving average.
3 stocks · 3-month returnaverage · 3M+1.1%
SPY+3.9%QQQ+1.6%TLT-2.3%Average
The house read
Wrong ifA dovish Fed pivot or weaker-than-expected inflation data could quickly reverse this trade.
Published read · research, not advice