Headed towards "first stop" on chart at 26,500ish. May continue to 2nd stop on chart.
We all know that news lies to the public. But when the actual data reports are available they demand review.
We should be reviewing the data personally to ensure it matches what news anchors are reporting. We are actively being deceived.
ISM - Manufacturing Index for Supply Chain
"November was the fourth consecutive month of PMI® contraction, at a faster rate compared to the prior month"
Look at the chart for - "Manufacturing at a Glance" on the link below. If we are contracting in every aspect, faster than previous month, how is the economy strong?
Consumer Confidence Index - "The consumer is strong" everyday on the news.
Then why does the actual chart show we have been in downtrend since 2018?
If this is a leading indicator, we are being actively LIED TO as no one actually looks at the report. We just follow what is on the TV.
Lastly, if we use the Cyclically Adjusted PE Ratio (which is based on average inflation-adjusted from the previous 10 years) we see SP500 at a PE Ratio OVER 30
So while the news is telling you that we are in line with SP500 at 19 times , they are twisting the story.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC , BTCUSD , GDX , VIXY .
Short SPY and AAPL .