Start Daily Bear-trend - week/monthly bull market on printing
Market has had a large rally on inflation. Jay Powell has assured markets that the qe and money printing will continue. 0% interest are coming back again (possibly even negative rates) and this is all stock market bullish. Trade talks are fake as ever and market somehow buys Trumps bull shit that the trade deal is just around the corner. I saw a chart of the feds balance sheet next to stock market and it's weird how when the market dips the feds balance sheet dips almost like the fed is buying the market. For now we are still in bull market but looking for daily correction, but buy the dips for now with a short term time horizon. Nothing changes in the long term, this market will still have a 50% bear market because US economy is in free-fall and the dollar will be in free-fall.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.