I literally can't think of one reason for a rally
Inflation – 40 yr high,
FED – Tightening,
Supply chains – Stressed,
Food supply – Stressed due to war and terrible harvest,
Retail participation- 20yr high,
Sentiment – Slightly bearish, but people are still hoping for a rally for some reason
Who in their right Mind will actually risk their money to pump this market? Retail investors are toast.
Looks to me a flush downwards is the path of least resistance, and it doesn't make sense for any big investor to fight the fed and take risks.
What do you think about this?
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