In the last week we resisted breaking out of of the strong downward trend (orange lines) we've been in for the past few months.
Although very close, the bulls are running out of steam and seems like they've failed
Lots of big companies are slowing down hiring and/or laying off workers, which has impacted their stock prices.
Social media advertising took a huge hit with the Snap earnings report being -400%.
Walmart expecting low earning due to over ordering product a.k.a the "bull-whip" effect that Michael Burry even tweeted about.
This week is also the FOMC meeting, a majority of traders are expecting 75 bps hike but a 100 bps hike could also happen.
The recent white house damage control report also seems to indicate we should expect the worst and they will not pivot .
With all that said, What if...?
Although very close, the bulls are running out of steam and seems like they've failed
Lots of big companies are slowing down hiring and/or laying off workers, which has impacted their stock prices.
Social media advertising took a huge hit with the Snap earnings report being -400%.
Walmart expecting low earning due to over ordering product a.k.a the "bull-whip" effect that Michael Burry even tweeted about.
This week is also the FOMC meeting, a majority of traders are expecting 75 bps hike but a 100 bps hike could also happen.
The recent white house damage control report also seems to indicate we should expect the worst and they will not pivot .
With all that said, What if...?