SP500 Cycle Top: New Virus, US preparing for war, Inflation, AI
As the title suggests, we've seen this confluence of risks before: the re-emergence of Mpox, U.S. war preparations driving up inflation with pressure on oil, worsening earnings, mass layoffs, weak consumer spending, and AI disrupting the market recovery.
Technical standpoint: can't get more text book than this, 78.6% retracement of the corrective rally, memba wave 3 bearish impulse is not the shortest =)
Technical standpoint: can't get more text book than this, 78.6% retracement of the corrective rally, memba wave 3 bearish impulse is not the shortest =)
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