-Mortgage applications for real estate at lowest level since 28 years
-US housing market on verge of collapse
-300 billion added to FED balance sheet, sending inflation higher
-ECB raising by 50bps
-Jerome Powell 2% goal in danger
This is by far more dangerous than 2008:
-Credit card debt ATH
-Interest rate on credit cards on ATH
-Leveraged buyouts same as 2008
-SP500 following 1946 crash structure
-unemployment rate at all time low
-Similarities to 1969 and 1974 crash
The anticipation of a long-feared stock market crash is about to give way to a nightmarish reality. The bears' patience is about to pay off, and the market is poised to plunge precipitously. The impending crash will be sharp, swift, and devastating.
#PCE#SPX#BTC , if data comes in higher than expected the market will start to price in a 50bps rate hike next month. That means #SP500 will fail the retest and end the bear market rally. Be aware!