After Fed data and importance on Inflation is understood as higher priority to be controlled with less importance on growth it clear Sell in equity and its reflecting in charts as well with wave target of 3900 and 3840 before friday EOD ?
Most overbought ever...at least till 1970's
If that's not enough please humor me.
What's funny is everyone in the mainstream is defending. Including Warren Buffett.
www.cnbc.com
And this is the response from Cliff Asness
twitter.com
You know where I stand. Make up your own mind.
This is a global equity story. Not just the US.
Indian benchmark indices touched...