I think we've been hit with too much at once. Omicron, tapering, continuously funky economic data. There was supposed to be more time. Oh yeah and oil prices and treasury yields have come back down again. Unfortunately it looks like (expectations wise) people are expecting us to switch from tapering to stimulus again but we didn't have enough time to reload and ran out of economic bullets. The second wave isn't a virus, its the effects of how we handled the first wave come back to bite us. Stimulus was never a cure, it just buys us time -- but if the malaise remains after we run out of bullets, we tumble anyway.
But short term... for the month of december, this is a line. I think its important.
But short term... for the month of december, this is a line. I think its important.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
ok, added a few more lines -- in pleasing pastel colors :)
one in green -- the long term trend from middle of september (and subsequent bounceback)
and two to denote downside price levels to watch for.
why is germany being so careful with this? the trade is all wrong -- we'll have less physical orders from international lockdowns but tech will suffer because we'll all still be out and about and not back on zoom...