This is not a one stop signal - but it does give some confluence that odds are a bounce or bottom are coming either her already or soon. However the macro conditions with recession/depression here plus QT and rising rates and supply chain issues paint a different story. Which is it?
I suspect we have a lot more pain ahead next 24 months to 8 years of this Fourth Turning but there will be rip-yo-face off rallies in between
You make the call!
I suspect we have a lot more pain ahead next 24 months to 8 years of this Fourth Turning but there will be rip-yo-face off rallies in between
You make the call!
There was the two months in 2015
and more importantly during the GFC crisis (which is more in line with market severity of downside now), this signaled another 20% down over the next 4.5 months. This lines up well with our macro forecast of significantly more downside until this fall.