SHORT! Bears will win - We are in a downtrend
All macro economic data points to a downtrend. Yield curve inverting - the market is volatile and not seen as a safe investment. CPI is falling, Consumer credit is rising, DPI is falling. People are being priced out, using more credit than before, and saving less money. CPI falling will negatively affect corporate profits as well as their inventory stock rising. Expect 2 bad quarters ahead. This market needs to correct. I've been saying short all week. If SPY doesn't end negative today I expect a FAKE pump tomorrow before it crashes. Not financial advice. Trade at your own risk.
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