![]() Now the turning points I identify are taking on a new sense of urgency. Governments have all but stopped support payments to people economically affected by Covid. Central bankers are taking steps to drain the party punch bowl. The bigger picture since March 2020 has been dominated by government spending and central banker liquidity injections. ![]() While my work identifies a number of sensitive points each year that could deliver trend changes, I take a step back and look at the bigger picture. An inflation-stressed consumer is a problem, especially when so much of GDP activity is consumer spending driven.įrom my vantage point, I use technical astrology methods to try to spot turning points on the markets. The screaming hot inflation data rearing its head around the globe US says something else is going on. Two bad puke-offs in 2 days on the S&P? What gives? The perennial optimists are saying this is just an orderly bit of profit taking.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |