The US markets are having volatility this should last a few days. On the other hand, this is the first time that the Bulls will be tested since March 2020.
My view is that most pullbacks will be bought by retail and institutions but I can’t know the percentage of the drop. I would say a minimum of 5% but the cycle to the update was so strong that even 15% can be considered healthy by large players.
A -5% front current prices will take the ES near 2923
From Yesterday:
“We have to be honest that it’s a long road,” Powell said. “It’s — depending on how you count it — well more than 20 million people displaced in the labor market.”