Stock Markets Still on Track to Break Down Before the US Election
The market response to these developments have been as would be expected. The Euro is trading well, China rebounded after the tech break, the USD is weakening, and mega cap tech rallies – absorbing all of the world’s liquidity into a mega bubble driven by near zero rates in the US – and negative yields for the first time on US treasuries. I was completely wrong on Amazon’s share price breaking a while back, but I still see that we are in the pattern of having a large-scale political change like Hoover to FDR in 1932 or Carter to Reagan in 1980 with the November election which likely means that we are going to have a market correction before that which should knock everything over. www.macroESG.com #macroESG --- Send in a voice message: https://anchor.fm/macro-esg/message