Judging by the investments of smart money. July is expected to be bullish on the sp500.
The main bullish patterns are:
- lower inflation
- labor market slowdown
- - less aggressive Fed policy
The main bearish patterns:
- slowing of the US economy
- GDP for the 2nd quarter in real terms may turn out to be negative, then taking into account the negative first quarter, the US economy is already in recession nominally.
