Hey guys,
Utilising the S&P500, we can determine a very bullish response the Fed Funds Rate increase of 25 basis points. Jeremy Powell ensured the US to have a very strong economy and labour market which has placed trust in the overall stock market.
Have we seen the top of the market or will we be seeing another high to be made? I believe if we see another high, it will be 'fakeout' move to grab upper side liquidity, followed by a large push back to the downside. It seems absurd to me that the market can continue to make high highs with 7.9% inflation and interest rates of 0.25% coupled with insane oil/gas prices and supply chain disturbances. Not to mention the national debt and conflicts between Russia and the rest of the world.
I will do a post shortly on the business cycles and show why the Euphoric gains are now over.
Love, peace, Seb.
Utilising the S&P500, we can determine a very bullish response the Fed Funds Rate increase of 25 basis points. Jeremy Powell ensured the US to have a very strong economy and labour market which has placed trust in the overall stock market.
Have we seen the top of the market or will we be seeing another high to be made? I believe if we see another high, it will be 'fakeout' move to grab upper side liquidity, followed by a large push back to the downside. It seems absurd to me that the market can continue to make high highs with 7.9% inflation and interest rates of 0.25% coupled with insane oil/gas prices and supply chain disturbances. Not to mention the national debt and conflicts between Russia and the rest of the world.
I will do a post shortly on the business cycles and show why the Euphoric gains are now over.
Love, peace, Seb.
