What the market needs to do to bottom in 2022 is strong big cap tech earnings and an end in sight for interest rate hikes.
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I personally believe we have topped for years if not for good and have voiced it many times on ur tweets and own feed. at minimum until this 3rd WW happens. Our history books will say Ukraine invasion started it but we are influencing it further n purposely
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We are repeating the 1920’s identical not just market but historical events following Spanish flu and change of currency
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China is gonna overtake us within 2-3 years gdp and many countries transitioning to their currency backing gold and dumping their US debt
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The reason for Biden releasing our reserves isn’t only rising cost of gas but to pay and sell to China cause they don’t want our debt payments in US currency so we selling em our oil reserves
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Win win for us short term especially from this administration thinking long term that we won’t need oil and want all EV
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We are about to experience the real effects of all this inflation. Bankruptcies, foreclosures, etc. at the same time homelessness and starvation from inflation n food shortages
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I’m not a conspiracy theorist just a realist and follow everything not just charts… but data, trends, and geopolitical news and major food shortages coming in 2023
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We may hit a bottom in Oct cause historically that’s what happens but we long way from bottom imo
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