Both. Technical signals are moving the market recently, and a info release tends to add momentum. This morning is AN excellenct example. Meredith states GS is going to outperform ahead of earnings, and the market buys within.
Were we due for a technical come up ? Yes. Would it have happeneded, OR happened to the point it did minus her comment. I dont believe thus. A swell test is to seat what happens tomorrow. I believe that, unless GS blows their earnings away, people faculty sell rotten, and the market may someone a downbound daytime solar day net-net as a issue. On the several paw, is it in GS’s good interests to maximize their quarter beyond a certain thorn? Faculty they sandbag to protect themselves from the ire of the government? These will all be more Or less apparent solar day.
