I'm totally aware of the current backdrop (economically) and
have been positioned as such as discussed in the newsletters.
This summary analysis was by no means an argument to be
bullish but to respect the charts. From a TRADER's
perspective short term one must simply keep and open mind and trade
what's in front of them. There is no questioning the massive
dislocation and impact from the Covid at this time with the
ramifications likely to persist over an extended period of time.
St. Louis Fed Real GDP Nowcast U.S. Q2 GDP at -48.1%, New York
Fed at -33.1% -----stunning and historic collapse in the velocity
of money.
Remember, should a liquidation event take hold in the
marketplace even Metals and Miners will get hit - all one needs to
do is examine what transpired in March.
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I'm totally aware of the
Chris Ciovacco Discussion - Good Review of Historical Perspective and Other Data Points
Posted by steve on 17th of May 2020 at 09:30 pm
I'm totally aware of the current backdrop (economically) and have been positioned as such as discussed in the newsletters. This summary analysis was by no means an argument to be bullish but to respect the charts. From a TRADER's perspective short term one must simply keep and open mind and trade what's in front of them. There is no questioning the massive dislocation and impact from the Covid at this time with the ramifications likely to persist over an extended period of time.
St. Louis Fed Real GDP Nowcast U.S. Q2 GDP at -48.1%, New York Fed at -33.1% -----stunning and historic collapse in the velocity of money.
Remember, should a liquidation event take hold in the marketplace even Metals and Miners will get hit - all one needs to do is examine what transpired in March.