ALADDIN ๐ฃ๐ฎ
@aladdin-x8.eth
๐ US consumer confidence is at an all-time low (๐52.1), even worse than in 2008! But... the market is rising and the #SNP500 has successfully broken its 200-day moving average! ๐ 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%! ๐ฅ The market always anticipates a recession, and even if it doesn't actually appear, the pessimism itself becomes a buying opportunity. ๐ทโโ๏ธ The labor market remains strong: +167K jobs in April ๐ผ Corporate earnings are trending upward ๐ Optimism about the removal of Chinese trade barriers ๐ 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. ๐ง The conclusion? "Fear is opportunity, and calm is a time for smart trading." Markets rise when everyone is afraid, not the other way around.
0 reply
0 recast
1 reaction