Short content here.
Chart to the left displays pivot points, and chart to the right displays ema ribbon.
Nice confirmation on the 4hr & daily, and I think it is appropriate to go risk on again in equities.
I think an equity bubble is pumping up, but I anticipate it continuing on for a few more months.
We will be inundated with more inflation woes. M2*V= inflation and I suspect that velocity will pop much higher as the nation opens back up. Keep in mind the average millennials net worth has doubled over the past 4 years according to Bloomberg, and they now make up the largest demographic of the labor pool. My estimation is that travel weary Americans will get out and shop and start spending all that money they are sitting on - especially if we see school loan forgiveness. Not saying I am for or against loan forgiveness -but I anticipate if that kicks off an even higher run up in home builds and building materials.
Anyways trade safe! And good luck!
Chart to the left displays pivot points, and chart to the right displays ema ribbon.
Nice confirmation on the 4hr & daily, and I think it is appropriate to go risk on again in equities.
I think an equity bubble is pumping up, but I anticipate it continuing on for a few more months.
We will be inundated with more inflation woes. M2*V= inflation and I suspect that velocity will pop much higher as the nation opens back up. Keep in mind the average millennials net worth has doubled over the past 4 years according to Bloomberg, and they now make up the largest demographic of the labor pool. My estimation is that travel weary Americans will get out and shop and start spending all that money they are sitting on - especially if we see school loan forgiveness. Not saying I am for or against loan forgiveness -but I anticipate if that kicks off an even higher run up in home builds and building materials.
Anyways trade safe! And good luck!