Looks like we are nearing the recession, it can take from 6 months to 12 months to occur, but for sure. Recession signals: 1. Unemployment starts to raise. 2. Yield curve is above 0. 3. FEDRATES starts to stay firm and fed starts to cut the rates.(May be consequences)
Only few tech stocks are holding the market up, once they start correcting, we will see drawdown of almost all stocks. Be prepared to take this golden opportunity to make fortune or atleast protect your assets. Bear market or recessions are the best time for investment and long term growth as you get base prices and can make money by selling low risk calls.
Hold your bulls and unleash when the time is almost right.
Comment
Here we are, as said before.
1. Unemployment is raising above 4.2%.
2. Yield curve above 0.
3. FED is cutting the rates aggressively.
These events signify we are in for a recession or a heavy correction in the next 6 to 12 months.
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.