Betwixt and Between

Q1 GDP was revised down to a negative 5% from 4.8% as Durable Goods came in at -19.4%, the worst since the financial crisis.

Naturally, futures are up sharply……about equidistant between the important 200-DMA and the equally important 2.618 Fib extension at 3076.93.

It’s decision time for the men behind the curtain. Credibility has already been stretched extremely thin. Does it still matter?

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