S&P 500 Dead cat bounce
SPY is due to fall further within this/next week unless global Covid-19 growth rate falls significantly, not very likely to happen as of today.
Low oil prices, service sector looking to collapse and historic corporate debt levels are just some indicators that we are pointing towards a recession.
All fundamentals pointing downward, FED seems to create a bull trap before a further fall.
This is only my opinion and should NOT be taken as investment advice, any feedback or comments are greatly appreciated.
Low oil prices, service sector looking to collapse and historic corporate debt levels are just some indicators that we are pointing towards a recession.
All fundamentals pointing downward, FED seems to create a bull trap before a further fall.
This is only my opinion and should NOT be taken as investment advice, any feedback or comments are greatly appreciated.
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