From Recession to "Soft Landing" to "Safe Take-Off"? A Thrilling Market Transformation!

July 9th 2023 UPDATE

Here is my weekly take on the markets.

Technicals

We are still in an uptrend as shown by the equal weight SP500 below. Yet… we are in a slippery environment. More on this below.

Technology taking a breath and it makes sense after such a strong move in 2023. Note the 4 weeks consolidation just above the 10-week moving average: