The economy is not doing horribly, but many are citing lagging indicators and there's signs of that this level is just not sustainable. Current levels abouve 9, 50, 200 SMAs! Seriously, what's great that isn't artificially propped up. Highest bankruptcies, highest level of housing unaffordability, dollar losing over 10% of value YTY, unemployment #s but that's bc people are giving up and it's a lagging indicator, hardship withdrawals up, defaults across the board up at over 10 year levels, banks with historic unrealized losses on their books (how much did Wells Fargo drop the other day!), yields going up up up. The Champage effect will end and many will get wiped out, unfortunately. Not being a dooms day person, but this economy is overheated and it's mostly driven by tech, which is over represented in the S&P. VIX is pretty low right now, would be an interesting play when it starts spiking (and it will!) when the deck starts falling apart.
Best of luck and always do your own due diligence.
Best of luck and always do your own due diligence.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.