EASTER 2018, THE MARKETS ARE ON THE EDGE !
The first quarter of 2018 saw the return of volatility and March 2018 saw the final break of the ascent of the Technology sector that has powered the 2009-2018 equity markets rally.
The problem is that in the past week, the demonstration was made that momentum has gone and an attempted break out to the upside at the end of February was followed by heavy selling for no real reason, simply the end of the Buy on Dip mentality and institutional investors deciding to bail out for now.
SELL AMERICA, BUY CHINA
In October 2014, in our of strategic pieces titled THE NEW KONDRATIEFF CYCLE, we outlined the case that 2013 marked the end of the US Dominance of the World and that the Chinese Kondratieff cycle had started.