New highs or test lows? Risk on or Risk off decision soon

2023年7月5日

New bull market, or sideways chop as reality hangover incoming.

bullish reasons-
ai
potential end of war
asset inflation

bearish reasons-
rates hurt
inflation still here
war continues

which way is most likely from what you can see?

I added crypto and spx stocks, but any mix would have worked as a substitute.