There is one school of thought that we aren't in a recession yet
given the job numbers, earnings, and price action. I saw the 3
month hasn't crossed on the yield curve yet as well, another part
of the signal that is needed for confirmation.
Price and time currently indicate we never had a bear market and
that this is still a topping process. If that is the case, we could
test the old highs or even make new highs before things really come
down longer term. I know it sounds crazy, though 3,600s sounded
crazy at the beginning of the year to most as well.
Where we currently are is the last wave made a high at 4,168 on
SPX. And that is the high until it isn't. Markets are overbought,
so the bears need to get moving here now. There are 6 gaps below to
go after. Their showing has been pretty weak lately not even being
able to push SPX below the 9 day for a reversion to mean on the
longer term. Maybe the time is finally here to try.
US economy added 528,000 jobs
Posted by steve on 5th of Aug 2022 at 04:03 pm
US economy added 528,000 jobs in July BUT 309,000 were from Birth/Death rate adjustment which is a just a guesstimate.
There is one school of
Posted by fundamentalvalues on 6th of Aug 2022 at 07:43 am
There is one school of thought that we aren't in a recession yet given the job numbers, earnings, and price action. I saw the 3 month hasn't crossed on the yield curve yet as well, another part of the signal that is needed for confirmation.
Price and time currently indicate we never had a bear market and that this is still a topping process. If that is the case, we could test the old highs or even make new highs before things really come down longer term. I know it sounds crazy, though 3,600s sounded crazy at the beginning of the year to most as well.
Where we currently are is the last wave made a high at 4,168 on SPX. And that is the high until it isn't. Markets are overbought, so the bears need to get moving here now. There are 6 gaps below to go after. Their showing has been pretty weak lately not even being able to push SPX below the 9 day for a reversion to mean on the longer term. Maybe the time is finally here to try.
Strange market to say the least, check out the recent Fear/Greed: https://www.cnn.com/markets/fear-and-greed
cnn.com
Fear and Greed Index - Investor Sentiment | CNN
CNN's Fear & Greed Index is a way to gauge stock market movements and whether stocks are fairly priced. The index uses seven market indicators to help answer the question: What emotion is driving the market now?