The Market Will Soon Hit An Air Pocket And Drop 20% In A Matter Of Months
-
Yesterday, in a presentation to investors, Dubravko Lokas-Bujas, JP
Morgan’s Chief Global Equity Strategist, called for an “out of the blue”
stock market c...
2022-02-14
Market Rebounds After Fake Invasion Story Fades
All three indexes remain below important areas of support/resistance. I still expect new lows, but maybe it goes up first. Bulls are still buying the dips. Friday's move was a blow to bulls' confidence so I don't expect the market gets much higher. Simlarly, bears are emboldended. Both for good reason. Bearish patterns reliably failed in the 13-year bull market. When they start working, and when bullish breakouts start failing, that is a major sign of trend change. Lower highs and lower lows is my expectation until the charts say otherwise.
Treasuries are indeterminate for the near-term because stock market panic could ingite the bond bid. I'm focused more on corporate credit, high yield and also investment grade. The latter is "junk in waiting."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment