Recession is “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters”
After 30% decline in stock market, MMs artificially pumped up very well with the help of FED money! It deliberately went opposite fooling everyone as if economy is doing fine.
When everyone is comfortable, now they are reverting it back. All these exercise is to make only one thing => Retail Investors Money to go to Market Makers (Big banks/funds).
Now, stocks will settle at a place where economy and stocks are in sync, until then drop continues.
Do you think this is Kangaroo jump like what we have in Mar 24th, 2020 or Dec 26, 2018?
IMO, It is too early to call a bottom reached.