Pristine Capital

Pristine Capital

Pristine Market Analysis & Watchlist 3.6.24

Defense Wins Championships šŸ”„

Andrew O'Connell, CFA, FRM's avatar
Andrew O'Connell, CFA, FRM
Mar 07, 2024
āˆ™ Paid
  • Headline indices bounce!

  • NYCB gets a bailout!

Team,

The market environment is quickly shifting from bullish beyond a punter’s wildest dreams, to something else. Let’s take a look under the hood. HAGEšŸ»

-Andrew


Market Update

March Monthly Performance

About a week into March and the indices haven’t done anything! Compared to the fast paced action we’ve seen over the prior 4 months, the sky is falling, but in reality…not even close!šŸ”„

Economic Data/News

ADP Employment data came in lighter-than-expected, however I always take this number with a grain of salt, as it has little to no correlation with the monthly Non-Farm Payrolls Report (NFP), and the NFP print matters most to market participantsšŸ‘‡

NYCB Daily Chart
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