Bull Run Possible, But We Won't Be Up 5 Percent Tomorrow
Volatility in either direction is lacking because markets don't know what is fully thrusting them forward right now. Something like the Shanghai Composite is much easier because its more based on speculative appetite than fundamentals. Even if you're a bear though, we have at least about 1 or 1.5 percent more until we hit a level of resistance below the record high. If record highs are resistance then we have 1 or 1.5 percent more after that first level of resistance.
Overall, the macro fundamental picture is a bit confusing. Brexit, but likely trade war resolution. Global slowdown in Germany and China, but dovish monetary policy in the most hawkish central bank in the world (the Federal Reserve) oh and by the way that central bank is also the head of the world's largest nominal economy in charge of the most used currency in the world. But also ten year bull run, but Australia has avoided recession for 27 years and the US tends to lead the world into recession, not follow it into one. If you're confused on what the global macro trend is then, its excusable. I'll say this--I was a bear when we were below this huge resistance, but now that we are above it the argument is a bit more difficult. Let's just see where the data is headed so there is a more clear picture.
For more analysis, please check out more of my content with plenty of charts at www.anthonylaurence.wordpress.com
Overall, the macro fundamental picture is a bit confusing. Brexit, but likely trade war resolution. Global slowdown in Germany and China, but dovish monetary policy in the most hawkish central bank in the world (the Federal Reserve) oh and by the way that central bank is also the head of the world's largest nominal economy in charge of the most used currency in the world. But also ten year bull run, but Australia has avoided recession for 27 years and the US tends to lead the world into recession, not follow it into one. If you're confused on what the global macro trend is then, its excusable. I'll say this--I was a bear when we were below this huge resistance, but now that we are above it the argument is a bit more difficult. Let's just see where the data is headed so there is a more clear picture.
For more analysis, please check out more of my content with plenty of charts at www.anthonylaurence.wordpress.com