While the overall market still seems in turmoil waiting on a stimulus package or regime change that may never come, OGIG, Internet Giants looks like the start of a long term 3rd Wave to me, and I'm pretty bearish right now.
@blakewhite, Thanks it played out close to predicted. Still trying to figure this mess out. We're in what looks like a topping pattern now in most equities. Waiting to see the next impulse, could go either way. Pullback of 10-25% has been expected for some time and is needed to reset long term investor confidence in a new bull market.
@N0tSwift, I have a feeling something bigger is coming. These post-pandemic economies around the world should see a major dip. I hope I'm wrong but I feel like if there's any chance for it to happen it will be this summer.
@Benzos777, Historically, a recession starts 6-18 months after the 3 month T Bill rate inverts with the 10 Year T Bill. It happened in February. August would be the start of the suggested possible timeline.