“Well, the stock market didn’t crash last week after the yield curve inverted the week prior. But it didn’t rally either. Instead, it formed a coil and is awaiting its next move. I’m leaning higher, for a number of reasons. 1)The yield curve inversion, while a flag for a recession, usually leads to more upside in the stock market before it falls 2) The technical pattern suggests higher 3) While the global economy is stalling, the US is still by many measures, robust,” writes Tiny “Mike” Saul of www.attackthemarkets.com.
SUBSCRIBE TO THE BRAND NEW WALLSTREETWINDOW PODCAST VIA OUR RSS FEED
Subscribe in a reader