SPX | Fear and Hopes
There's a large amount of speculation whether or not the United States will enter into a deep depression; And there's some potential for it.
Housing Starts for single family homes has decreased to levels seen in the 1980's, meaning there will be more families moving into multy-family homes; or apartments.
Housing asking prices are dropping along with demand shown by multi-sector consumers.
The inflation rate hasn't moved, which is good for now, though the interest rate isn't looking so good with the possibility of negative rates.
I guess you can say the injection of trillions of dollars by the FED has mitigated the fall, but I'm not even sure this is the beginning.
My assumption is that SPX will have a lot more selling pressure than displayed this past week. New highs were lost in two days and the close was lower than the previous candles' close. Personally, I'm longing SH until I can see some fundamental upside for this economy.
I speculate a prices being near $1600 before we start to recover from this potential Global Recession.
Housing Starts for single family homes has decreased to levels seen in the 1980's, meaning there will be more families moving into multy-family homes; or apartments.
Housing asking prices are dropping along with demand shown by multi-sector consumers.
The inflation rate hasn't moved, which is good for now, though the interest rate isn't looking so good with the possibility of negative rates.
I guess you can say the injection of trillions of dollars by the FED has mitigated the fall, but I'm not even sure this is the beginning.
My assumption is that SPX will have a lot more selling pressure than displayed this past week. New highs were lost in two days and the close was lower than the previous candles' close. Personally, I'm longing SH until I can see some fundamental upside for this economy.
I speculate a prices being near $1600 before we start to recover from this potential Global Recession.
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