The market has to be closer to a bottom now, right? Yes, I agree, but how close is a new uptrend?
Find out what to watch for in this informative video to be able to identify a dependable price resurgence when it happens.
This week’s market action exhibited the increased volatility I have been expecting since late November.
The job numbers came in favorable last week at an increase of 467,000 jobs in January but a revised number of almost a million additional jobs for Nov/Dec.
Clearly, the government can’t correctly count how many people are working with any degree of accuracy – at least in the short term.
Increasing jobs can be good and bad.
Good – more people are working.
Bad – more people working makes the fed want to increase interest rates at a faster pace.
My view is that the current hyper-inflation is a result of dollar printing presses working overtime, not job count increases.
So the fed is in a real bind.
All these factors create stock market headwinds.
Can the market overcome these negatives and resume the uptrend?
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Comments are always welcome.
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