Loading ...Russell 2000 nears 20% drop from 52-wk (and all time) high
But, Dave Hunter, and this other guy that I started following recently, still won’t give in as regards their calls for new all time highs.
https://twitter.com/PKDayTrading1/status/1443524647987806209/photo/1
What gives? Are rate hikes going to be ‘canceled’ (after all we live in the age of ‘cancel culture’, LOL)? Is an even bigger and more unprecedented scale of QE coming?
GL
“still won’t give in”
Why should they? They have charting systems that tell them what to expect.
So does mine. So do others I follow. (And some don’t.)
Re rates, they should correct soon (yields down). Will equities over react to that?
Rate hikes won’t be cancelled but the number and size might be a lot less than the open mouth committee have talked about. That will only occur however if the stock market drops another 20%+ and or the economy tanks. Both are likely to happen but how soon will decide the decisions regarding rates.