Everything is overbought right now. That didn’t take very long! Essentially NO resistance on the way up since late 2018. If the trade deal goes through which there might be at least some level of progress to report to the media on March 1st. That will be positive for the markets there’s no doubt….But without question, every cycle must come to its end. The bigger they are, the harder they fall.
The stock market has seen a run up that seems like it can’t be stopped. It rings a bell for those who are keeping tabs. 1 year ago it was very similar and ended with the VIX disaster. With the Federal Reserve being very cautious to even suggest another rate hike is coming, the markets have every reason to rise. And they most certainly are. But what will happen in the near future?
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
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