Weekend Video – Two Day Reversal vs 2022 Technical Damage, Yield Spreads Widen, Commodity-Related ETFs Still Leading (Premium)
Stocks staged a big intraday reversal on Thursday and followed through on Friday with strong breadth (one day). The two-day sequence is impressive, but not enough to undo the technical damage done the last two months (%Above 200-day, bearish breadth thrusts, expanding new low list). In addition, yield spreads continued to widen and show rising stress