Trading technicals vs fundamentals: It took me awhile to realize this, but fundamentals are a lagging indicator. The data can be flashing warnings, even looking downright alarming. The market will keep running up, regardless.
Will a trade deal with the UK or any country spark incredible economic growth? NO.
Would trade deals keep everything from unraveling faster than big tariffs? YES.
We are going lower, it is just a matter of when and how fast.
βI have never asked for a meeting with any President. They always ask for meeting with me. I will never seek a meeting with any President.β
- Powell