Of the 11 S&P sectors, the best place to be in times of recession is Pharma, because people have to keep taking their medicines. What do you think is the _worst_ sector to be in? Travel? Airline? What will get crushed by the pending recession? The Fed dumped Trillions of QE into the economy from 2021-22 as a knee-jerk reaction to C0VID and here about two years later we’re feeling its inflationary effects. More recently the Fed has been cranking rates up in an effort to douse inflation and cool the economy. We’ll start to feel it in 2024. Where to be? Either long on Pharma, or short on something. ty <3 Keith Non-Professional - Not licensed to give advice
Here's my EW count for DJTransports:- - line on close, most of the times is clearer than bars or candles, so that is the reason why I went with that. A close above resistance level @ 14584 voids count. A close below 2nd support level down @ 13956 confirms count and points to lower lows below last Sept lows. AKA big bear .. springs back to life. TWT
Ty… this syncs with my read on bond market fed rates: the cranking they did in the past year will come to “bear” in 2024. The only thing that scares me is that it’s an election year in the US. Recall the $hit$how in 2020!!! non-professional - not licensed to give professional advice