Blog posts of '2022' 'December'

In 2022, persistent inflation has been the key driver for the drawdown in the U.S. financial markets. While the 2020 short-lived bear market resulted from the COVID-19 outbreak, the current market drawdown has been primarily driven by the Fed's strategy in fighting inflation. In their attempt to sub...

For the past few weeks, the bears and bulls have been fighting it right near the 3998 resistance area.  The bears have been firmly in control for most of the year with any upside movement from the bulls being short-lived.  The bears now are simply in hibernation.  As we left discussion in our last b...