The stimulus checks will not make it out to everyone timely. Unemployment benefits will take months for the state to clear backlog. This lagging effect will cascade down to the economy. The peak of infections are not even here. People will tighten up spending considerably. This recovery will not be quick. Markets probably just realized that and setting up a trap for sure. Trying to stamp higher highs on the chart to lure in people. I will bet within 2-3 weeks, we will test the low or put on new lows.
ES Journal - 2019/2020
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I think it will be a lot shorter than 2-3 weeks--more like next week. By next week (or maybe even this weekend), we will know for sure just how many rents and mortgages have gone unpaid.
Gotcha. Thanks! Have a great weekend
But it will take at least 2 to 3 before Washington realizes the peasants are coming, pitchforks, torches and all.
Fannie and Freddie are offering forbearance for 3 months
au contraire......he called the bottom in the crude market.....and then cleaned-up.
Did he? I do not recall that. And did he trade it with real money? I do not recall that either.
It's not a journal per se, more like a communal pool where the peeing rule is abandoned? Your post is number 18,510. That's crazy! And this is just a continuation from the previous journals!
B1 has the longest journals ever.
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