ALADDIN ๐ŸŸฃ๐Ÿ”ฎ pfp
ALADDIN ๐ŸŸฃ๐Ÿ”ฎ
@aladdin-x8.eth
๐Ÿ“‰ US consumer confidence is at an all-time low (๐Ÿ“Š52.1), even worse than in 2008! But... the market is rising and the #SNP500 has successfully broken its 200-day moving average! ๐Ÿ” Is this a contradiction? No. Historically, every time consumer confidence has hit this low (except for 2008), stocks have followed it with an average 12-month rise of +20%! ๐Ÿ’ฅ The market always anticipates a recession, and even if it doesn't actually appear, the pessimism itself becomes a buying opportunity. ๐Ÿ‘ทโ€โ™‚๏ธ The labor market remains strong: +167K jobs in April ๐Ÿ’ผ Corporate earnings are trending upward ๐ŸŒ Optimism about the removal of Chinese trade barriers ๐Ÿ“ˆ Price above averages = significant technical strength โ›”๏ธ In 2008: โ€“ Earnings were collapsing โ€“ Jobs were falling โ€“ Failed to break the 200MA Today, the picture is completely different. ๐Ÿง  The conclusion? "Fear is opportunity, and calm is a time for smart trading." Markets rise when everyone is afraid, not the other way around.
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