The issue is controlling and coming out of recession, either for country or for people, is important. Many countries collapse by recession without any control, like Sri Lanka (now).
US is famous for its forced create recession and control them later, still it is tough, not an easy task for leaders.
That is awful price action today if the market closes lower. Bear markets tend to open higher and go lower. Bull markets tend to open lower and go higher. Itās how the mix of buyers vs sellers revealed itself during the day. Weāre getting dip buyers in the morning, but thereās a higher number that sell into that bump.
Now everyone is bearish, that will make market go up !
IMO, market can not go down and down like this, it is suppose to turn at least DCB.
As planned, Added more today, will add more tomorrow if negative.
This is well known fact when Biden signed tax, market need not price them now.
Is it possible that AAPL and TSLA are in a multi-month uptrend while QQQ and SPY in a multi-month downtrend? The unsaid implied timeframe is 6+ months for those who canāt read unsaid words.
I feel little uneasy going against the bond king. IEF is one of my put positions though. Itās honestly pretty difficult to find charts that arenāt in a confirmed downtrend right now. VIX isnāt that high, so we arenāt at capitulation yet. For the 2020 capitulation, the VIX was >2x higher than it is now. It actually has a really strong, confirmed uptrend chart. Iām not sure VIX will go that high, but itās not high enough yet.