ASSESSING THE DOWNSIDE OF THE 2018 BEAR MARKET
Last week was significant in the financial markets in many respects and our global scenario is playing out almost to the dot.
As we wrote many times during the first quarter of 2018, global equity markets, and the US equity market in particular, have recorded a major top in January 2018 and we see it as THE top of the bull market that started in 2009.
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.
This Week we are changing the format of our Weekly Market Reviews merging them all into one single post where we review the financial markets and focus on issues that we see worthy of interest through charts and comments.
There are times in the financial markets, like in politics, where it is best to withdraw and stay on the sidelines waiting for better times.
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