SPX Vs FEDFUNDS - NOT BEAR MARKET YET
As you can see on the chart - everytime the FedFunds have topped and consolidated - stocks topped aswell and started its own bear market. Now, what we think is a top on SPX, may have been just a strong push which was later strongly corrected.
FedFunds haven't yet topped out and entered into consolidation here - although it is really near.
Based on that - highly likely to still see wonders before really declining.
Summary - Market knows what's coming and have reacted overly bearish. Once it gets exhausted with the bearishness, it may retest aths or even set new ones before entering the real bear market leading to recession and depression.
Stay safe !
FedFunds haven't yet topped out and entered into consolidation here - although it is really near.
Based on that - highly likely to still see wonders before really declining.
Summary - Market knows what's coming and have reacted overly bearish. Once it gets exhausted with the bearishness, it may retest aths or even set new ones before entering the real bear market leading to recession and depression.
Stay safe !
Penafian
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