Are we near FED’s pivot?

The first signs that we might have gone through the worst in terms of FED hikes might have shown them self now. Yesterday the ISM numbers surprised to the downside and today’s JOLT job openings were as low as in the beginning of the Covid pandemic.

It is to early to draw any conclusions but if this continues the market will probbly continue to rally and it might really be the point of pivot.

The markets certainly expressed what they thought of it with a big rebounce in pretty much all sectors and instruments. The “buy it all” trend.

Next big data point to support the trend will be the NFP on Friday, so keep a close eyes on those and have your tradingfinger ready.