The Keystone Speculator's proprietary trading robot, Keybot the Quant, flips to the short side yesterday afternoon at SPX 6348 after the copper crash comes out of left field due to the King Donnie Trade and Tariff War. The crash in the red metal was more important than the Fed decision and occurred before Pope Powell's presser.
Everyone is focused on tech due to earnings happiness but copper is the BMOC (big man on campus). If XRT loses -1.6% (retail stocks) and/or XLF loses -2.0%, that will tell you that the downside in equities has legs. If both remain bullish, stocks will likely remain buoyant.
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