Equities Turn “NoGo” - Macro Factors Take Toll | GoNoGo Charts (03.02)
GoNoGo Charts • 20m
On this week’s show Alex is on his own. He takes a look at the major assets and notes that Equities have surrendered to a NoGo trend this week. Treasury rates rising, along with the dollar could be acting as a headwind for stocks. Within the S&P 500, we see growth sectors trying to hang on to outperformance with defense continuing to perform badly. Taking a look at the discretionary sector though shows that there are signs of trouble ahead even here. Finally, a look at TSLA shows a crack in the auto manufacturer’s armor.
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