Looks like market bottoms just before the Unemployment peak. Market peaks just before fed starts reducing the rates.
At the current situation, we have fed fund rates high and also unemployment started to climb. Will be looking at the unemployment going high and markets roll over and fed cuts rates.
if FED keeps the same rate for long, something in the economy will break and they have to reduce the rate and if it happens then it's already too late.
Looks like CD's and earning ~5% interest on cash is much better than risking for very limited upside in the market.
Comment
Unemployment rate is slowly grinding up.
Comment
Here we are unemployment is greater than 4%, reason why market is weakening. Expect unemployment to raise sharp and market correcting or consolidating.
Comment
Yes, unemployment is raising, it will blast off in next 2 months. Just wait for the first cut, then follows the big bears until rates go below 3%.
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.