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RaftoO
Oct 26, 2020 3:13 PM

Has resistance finally turned support? Long

S&P 500 IndexTVC

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This is probably my favourite graph, after two years resistance has finally turned into support! Cheap money has found a home, however how long can this last? It's quite obvious that low interest rates coupled with aggressive actions (QE or whatever you wish to call it) taken by the fed are keeping the market propped up; everyone is parking their money in US markets.

With the decade coming to an end and tech leading the way for returns, I believe we might see a market shift into other underperforming industries to pave the next 10 years of monster returns. My watchlist: biotech, cannabis, real estate, cloud storage, and SaaS
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