PMIs signalled a recession is incoming in Europe today. Markets are pricing in 150 basis of rate cuts as traders predict the ECB will have to reduce borrowing costs to avoid driving the European economy off the road.
Add to that the escalation in the Ukraine/Russia war and it hasn't been a pretty week in geopolitics or economics.
There is still hope though. Seasonally the Santa Rally normally starts this week. Do you think we will see stock markets shake off these fears and head higher into year end?
You can see my take on all this and how to trade Thanks Giving week in The Week Ahead.
While everyone is crying because their bags are down 80-90%..
Iβm just happy & grateful to be where i am today.
Iβm still up $15 million dollars on my $KAS holdings, even after this dip.
Stop acting like a baby, trust the process.
Iβll make my followers rich.
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