The rally that came prior to US Interest Rate announcement was somewhat dodgy.
With all fundamental data about US looking really bad, that's why I felt it was a bull trap.
1. US Debt ceiling hits last week, amounting to $31 Trillion+
2. High delinquencies in mortgage and auto loans
3. Big box retailers closing stores en masse
4. MNCs laying off since last 2 months ago till now
5. Saudi Arabia announced considering non US Dollar for Oil trade in Davos
6. Major nations continues to dump US Treasuries/Bond
This year is not looking good for US.
With all fundamental data about US looking really bad, that's why I felt it was a bull trap.
1. US Debt ceiling hits last week, amounting to $31 Trillion+
2. High delinquencies in mortgage and auto loans
3. Big box retailers closing stores en masse
4. MNCs laying off since last 2 months ago till now
5. Saudi Arabia announced considering non US Dollar for Oil trade in Davos
6. Major nations continues to dump US Treasuries/Bond
This year is not looking good for US.