Watching for consolidation in the upper part of yesterday's range or continuation higher today. 4448 is a magnet above, but might be asking too much today.
4448? That is up more than 1.7% from here. Expect the Magnificent Seven to be in a trading range/consolidation today. Probably the same for the broad indexes is my guess.
New data reveals a crash not seen since Great Depression could hit in 2024 https://www.msn.com/en-us/money/mar...reat-depression-could-hit-in-2024/ar-AA1hIG2e The latest economic data shows the annual M2 money supply growth rate has been negative for the past three quarters, meaning the amount of money available is shrinking rapidly. In the past 110 years, the only other time Americans have seen the money supply drop this sharply was in the early 1930s, during the height of the Great Depression. There is a significant difference this time around, however. In the 1930s, when the money supply annual rate turned negative, prices dropped as well. In our current situation, prices are still going up despite the collapse in the money supply. To the extent we're seeing it today, this has never occurred before.