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I've become complacent with last years easy peasy market.
But, that end of day boom usually is smart money.
Could be a good sign. Could be very good.
It may be premature, and I hope this is not a curse...but for those that got in today I think it is safe to say...WELL PLAYED!
Have a great weekend everyone!
The bottom line...
Global markets have yet to discount the COVID-19-related economic shock that will likely rock it in the coming months.
Be careful out there.
My gut is telling we are a long ways from finished with the current downturn. I know because my sticky pants have now turned to stinky pants from wearing them too long in this coronacrisis1 LOL We'll know for sure when the economic effect hits instead of the psychological effect only. We could be looking at weeks and maybe months instead of days before this turns around. As always stay nimble out there my friends!
Ahead of us is Q1 earnings, which will be widely beaten down. Ahead of us is likely a slowdown in the global economy. Ahead of us is likely a global supply chain interruption. Ahead of us are (at least) pockets of outbreaks within the USA, to likely include the first COVID-19 deaths in the USA. We cannot time this thing. That is out the window.
But, will we have "relief rallys" along the way? Sure will. And one might come today. Are we going lower from here? IMHO, most certainly.
- Keep an eye on the bond yields
- Keep an eye on the bond yields
- Keep an eye on the bond yields
Remain vigilant, and be careful out there.
God Bless :smile: