IF you want to find a good reason to blame: Ask China.
I worry that this will not be easy to stop.
OUR WORLD IS FACING A POTENTIAL DEPRESSION AND THE MAIN CAUSE COMES FROM CHINA: THE SECOND LARGEST ECONOMY IN THIS WORLD.
I think that it's very dangerous to hold stock currenctly because the downtrend is controlling market.
What I am thinking is where is stop of this downtrend.
Look at on the chart, I show you some potential supports whichS&P500 could test in the future.
Next week, I think US Equity market would continue its depreciation.
Only a strong data could hold Stock halts its decline.
And the data market pays attention are:
- US GDP
- US Durable Good Orders
Honestly, I don't believe those data could beat the Consensus.
However, I still hope a brighter future : US is the largest economy , only FED is thinking about monetary tightening, US should drag others from next Depression.