Believing in Chart Patterns now seems to challenge all practical approach.
Whatever the chart is showing in terms of a rally can be nullified with the uncertainty of the geo political situation in both Ukraine and Israel.
Tensions with China and risks in Taiwan tends to show a timely and opportunistic likelyhood of another conflict. Taiwan is important for chips.
Rising energy costs, bond yields, continuing inflation in fast food outlets in the US, minimum wage increases, all points towards consumer vulnerability and a shrinking income with less time to spend- busy working to buy basic necessities.
Student debt kicked in, highest credit card debts, empty offices, major lay offs..
How is this ever bullish?
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