DJI Running on hopium of a new VaccineDouble top on the Dow, has failed thus far to reach the 61.8 retracement level in hopes of the market making a recovery, According to the wall street cheat sheet id say we are between the "Complacency and the Anxiety" stage, Its just a dead cat bounce IMO, Although some restrictions are slowly easing in some country's, the world is in turmoil, the recession as we know it we are only at the tip of the ice berg, Sell-offs that we have seen in March will make the next wave look like a hiccup, The Dow is running on hopes of a Corona Vaccine that will hopefully make the world into a better place again and things will go back to normal, The vaccine is still in testing stages which could make it 12+ months until its ready to go. This recession will make "The Great Depression" look like a speed-hump, Just wait until the Q2 data comes out, There will be millions more that have filled for unemployment. Oh no thats ok tho, The fed have the money printers working over time, = Inflation, watch global currencies die out
"We are in a recession and there is a global pandemic happening at the same time" The world is not going back to normal anytime soon.
