Will the soft landing green shoots be trampled?
The stock market began 2023 with a rally based on the “green shoots” narrative of a Fed pivot and optimism about the effects of China reopening its economy. Since then, the S&P 500 rose to test resistance as defined by its falling trend line and pulled back. Similarly, the equal-weighted S&P 500, the mid-cap S&P 400, and the small-cap Russell 2000 all tested and failed at overhead resistance.
Source: http://humblestudentofthemarkets.blogspot.com/2023/01/will-soft-landing-green-shoots-be.html
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