Macroeconomic Overview
I think the uptrend in the stock markets will continue this year.
I do not expect a new low because the market expects that inflation will decrease.
There is a recession risk in the global market, but there is full confidence in central banks against a deep recession risk.
US inflation data will be released on Tuesday, if the inflation data is lower than expected, we may see sharp increases.
On the other hand, FED (Federal Reserve Bank) said that they will follow the economic data and the interest rate policy depends on inflation and data.
Therefore, the recession risk is not priced in the markets and the bad data triggers the rises.
According to Technical Analysis
When We Examine the Price Chart in the Monthly Term
There is not much change in my long-term price expectation. You can take a look at my previous posts.
This month's price close is important.
We can say that the correction movement after the uptrend in July is over.
I think the uptrend in the stock markets will continue this year.
I do not expect a new low because the market expects that inflation will decrease.
There is a recession risk in the global market, but there is full confidence in central banks against a deep recession risk.
US inflation data will be released on Tuesday, if the inflation data is lower than expected, we may see sharp increases.
On the other hand, FED (Federal Reserve Bank) said that they will follow the economic data and the interest rate policy depends on inflation and data.
Therefore, the recession risk is not priced in the markets and the bad data triggers the rises.
According to Technical Analysis
When We Examine the Price Chart in the Monthly Term
There is not much change in my long-term price expectation. You can take a look at my previous posts.
This month's price close is important.
We can say that the correction movement after the uptrend in July is over.
