The rally that came prior to US Interest Rate announcement was somewhat dodgy.
With all fundamental data about US looking really bad, that's why I felt it was a bull trap.
1. US Debt ceiling hits last week, amounting to $31 Trillion+
2. High delinquencies in mortgage and auto loans
3. Big box retailers closing stores en masse
4. MNCs laying off since last 2 months ago till now
5. Saudi Arabia announced considering non US Dollar for Oil trade in Davos
6. Major nations continues to dump US Treasuries/Bond
This year is not looking good for US.
With all fundamental data about US looking really bad, that's why I felt it was a bull trap.
1. US Debt ceiling hits last week, amounting to $31 Trillion+
2. High delinquencies in mortgage and auto loans
3. Big box retailers closing stores en masse
4. MNCs laying off since last 2 months ago till now
5. Saudi Arabia announced considering non US Dollar for Oil trade in Davos
6. Major nations continues to dump US Treasuries/Bond
This year is not looking good for US.
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Disclaimer
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.