Macro environment
Macro environment still looks weak to me.
- Russian Ukraine tension
- US China tension
- Technical recession
- Aggressive rate hikes
- Inflation at 40-year high
- Weak tech earnings and forecasts
Don’t underestimate the macro factors as they can overwrite all the strong fundmentals of companies.
In case you’re not aware, we are standing dangerously at the edge of a cliff, and could fall anytime.
To be bullish, we would want to see more improvements on the macro factors. Technical wise, will need more mega cap stocks reclaim their 200 MA - same goes for the various indices. Otherwise, my view towards the market is still bearish. But of course, I could be wrong
- Russian Ukraine tension
- US China tension
- Technical recession
- Aggressive rate hikes
- Inflation at 40-year high
- Weak tech earnings and forecasts
Don’t underestimate the macro factors as they can overwrite all the strong fundmentals of companies.
In case you’re not aware, we are standing dangerously at the edge of a cliff, and could fall anytime.
To be bullish, we would want to see more improvements on the macro factors. Technical wise, will need more mega cap stocks reclaim their 200 MA - same goes for the various indices. Otherwise, my view towards the market is still bearish. But of course, I could be wrong
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