CORRECTION to previous NAS post
Its good to look back and see what happened in previous years. Going of historical fundamentals and current conditions, we are not out of the woods. Q1/Q2 will likely show further decline in the markets even if the current pullback in CPI is continued. Historically, we continue down even after both the rates and CPI turn around. Interesting to see the difference in pivots between 2001/2008. What happened in 2008? Did we leave some unfinished business on the table? YES.
Feds pulled the pin, Powell seems firm this time around. I believe the devil will return to take his dance, we could hold the historical EMA , the devil could have other plans.
Overall thoughts - short term weakness (Q1/Q2) with returning strength later in 2023. Though this is the opinion of many, these opinions are usually wrong. But hey, we all like patterns as sometimes they are just as they appear: repeatable!
Stay agile - Happy trading
Feds pulled the pin, Powell seems firm this time around. I believe the devil will return to take his dance, we could hold the historical EMA , the devil could have other plans.
Overall thoughts - short term weakness (Q1/Q2) with returning strength later in 2023. Though this is the opinion of many, these opinions are usually wrong. But hey, we all like patterns as sometimes they are just as they appear: repeatable!
Stay agile - Happy trading
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