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Reuters/Paulo Santos The S&P 500 has formed a bullish triangle pattern that’s setting it up for a break higher, according to David Sneddon, Credit Suisse’s global head of technical analysis. The index’s recent sideways trading is a result of the overbought conditions that prevailed earlier this year. Market breadth and volume gauges are also improving, […]
REUTERS/Brendan McDermid To “bond king” Jeffrey Gundlach, the market hasn’t simply been sitting still. It’s been coiling. In other words, under a seemingly placid surface, the co-founder and CEO of DoubleLine Capital sees conditions brewing that could eventually unleash price swings upon a market so starved for them. As for a potential trigger, Gundlach has […]
