Today's Dead Cat Bounce was similar to Feb 6th 2018's 3.5% move. Except 50% less volume
Somehow this 1000 point rally did not change the global markets further contraction..
Brexit, QE, Real estate bubbles, Commodities pressures, potential deflation, lower earnings, lower guidance, Supply & Demand problems in general.
There is no longer synchronized global growth, so why would it be priced that way..
FED ignorance and now back peddling only days later. So now they can say Trump didn't make us do it, the data changed in 48 hours. WTF
So rate cuts next year are coming for sure. So people are happy because the economy is crap so they bail in to inflate the prices on lower everything??
How long can that really last?
The fundamental underpinning is going to be under pressure in 2019 at best.
So will that keep the next leg higher until it creates the right shoulder? My data doesn't show that at all.
All other markets will be first to recovery because of the order it all started.
What will they squeeze to get the juice we need to sustain the elevated prices that the naive want to return the markets too.
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