The bear market in America may commence as now the bad news is starting to percolate in the American market with inflation at its peak in the past 13 years at 4.2%. This means that interest rates will go up and we may see the money moving out from equity to debt market. Can we say that buy on dips has been ended successfully. Sell on a rally started in America
After the cyberattack this weekend. Nasdaq started plunging 14100 to 13000
#spx 4240 to 4100(last support of 2 months)
#dow 35000 to 33800(33600 last support)
#dax is struggling a lot at 15k
Why this sell-off??
- Inflation fears escalated by the Fed pumping of Printing money.
- Need again commentary of Fed or new stimulus to take to new highs.