This past week’s Nasdaq overthrow high and explosive reversal sets the stage to challenge the fastest market crash from all time high in history which was set in March 2020.
It would mean giving up all gains for the year by Thanksgiving.
1929 Deja Vu.
This past week's Nasdaq overthrow high and explosive reversal sets the stage to challenge the fastest market crash from all time high in history which was set in March 2020.
It would mean giving up all gains for the year by Thanksgiving.
1929 Deja Vu. pic.twitter.com/hJ5LgCwuWB
— Mac10 (@SuburbanDrone) November 3, 2024
Nasdaq
Rising wedge breach
Money flow weakens (lower highs)
Gap closure?
Wild few weeks pending. pic.twitter.com/fuHTtNayB9
— The Great Martis (@great_martis) November 2, 2024
Aussie 10yr yield explodes to 12 month high.
The 11 trillion housing bubble was hoping for 4 rate cuts as promised by the media by years end lol pic.twitter.com/nNasyRUBdb
— The Great Martis (@great_martis) November 2, 2024
Crypto is about to go into FTX mode. pic.twitter.com/v9mvjxpji5
— Mac10 (@SuburbanDrone) November 3, 2024
It's going to be a fun week. pic.twitter.com/moZ8tCaaEX
— Mac10 (@SuburbanDrone) November 3, 2024
The market is near ATHs
But VIX has been rising
One of them is lying… pic.twitter.com/eW6nkGwpCD
— Bravos Research (@bravosresearch) November 4, 2024
Next US President to Face Slowing Economy, Experts Warn
Regardless of who wins the election, the next president likely will have to deal with an economic slowdown next year, several experts told The Epoch Times. The government may try to intervene, but there’s a risk any remedies will cause harm, they said.
On paper, the U.S. economy is chugging along nicely. Unemployment is low, the markets are up, and the gross domestic product (GDP) came in 3 percent above inflation in the second quarter. Third-quarter GDP is expected to climb 2.6 percent above inflation, and median wages increased by nearly 2.5 percent (adjusted for inflation) over the past two years.
Yet, a large proportion of Americans don’t feel like the economy is working well for them.
Only about 21 percent consider business conditions “good”—a far cry from the nearly 40 percent who thought so five years ago, according to Consumer Confidence Index surveys. Self-reported family financial situation has virtually stagnated for the past year, the survey shows. Meanwhile, credit card debt is up about 16 percent over the past two years.
Economic indicators likely won’t remain as encouraging for long, said Lance Roberts, the chief investment strategist at RIA Advisors.
“I think you’re going to start looking at much lower rates of economic growth somewhere sub-2 percent growth as consumers become challenged by making ends meet,” he said.
Financial markets should brace for a similar slowdown, according to Adam Taggart, founder of Thoughtful Money, a financial education firm.
https://www.theepochtimes.com/article/next-us-president-to-face-slowing-economy-experts-warn-5751564