Settles 1/31 and Monthly Winner/Losers
Equities continue to bounce with bargain hunters swooping in to virtually no real sellers despite nothing changing in regards to the upcoming Fed cycle. As we noted major markets were due for a healthy bounce and we have it, but we don’t suspect this to amount to continued strength, rather positioning of some new cash put to work. For those that weren’t forced to sell by now, will be forced to sell next time around, which will lead to fresh bargain hunters undoubtedly from the never have to sell crowd. All of which will lead to a continued divide between ultra uber rich and the rest.
Anyway let’s look at the winners and loser for January 2022 for the markets we follow:
As far as the settlements for today the final trading day of January 2022, here you go:
Expected month end window dressing led by the month end rebalance. February is here and we believe volatility will remain elevated and we will find equities under pressure once again at some point here this month. Till next time…
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