My indicators point to near completion of the current pullback.
Given that we still have more pain to go through:
1. Russian Gas for EU creates uncertainity.
2. Lavrov (Russian FM) mentions the extension of the russian 'end game'. They wish to "Neuter' the Ukrainians, and therefore their attacks will continue.
3. Wildfire and heat will have an effect on food supplies.
4. Covid related issues are still not resolved. For example, Macau had a near ZERO revenues because of all the lockdowns in China. Remember, 90% of Macau's revenues are from visitors from Mainland China.
5. The Drought in the US West is going to impact farming, therefore impacting everything from feedstock, farm produce, and biofuel production.
6. Rising temperatures will harden the stand of Environmental activists, therefore, pushing down oil consumption. Oil Prices will not go to previous highs, as they can cause civil unrests which can dislodge governments (Sri Lanka is a good example). So governments are going to do all they can to cap Oil prices.
So all these intersecting agendas will not give a clear direction for economies to follow. What this will do is to create more uncertainity, and no market likes uncertainities. Therefore, irrespective of the direction of inflation, we can expect further drop in the TECH 100 in the mid term.
For further analytical discussions feel free to message me directly.
Given that we still have more pain to go through:
1. Russian Gas for EU creates uncertainity.
2. Lavrov (Russian FM) mentions the extension of the russian 'end game'. They wish to "Neuter' the Ukrainians, and therefore their attacks will continue.
3. Wildfire and heat will have an effect on food supplies.
4. Covid related issues are still not resolved. For example, Macau had a near ZERO revenues because of all the lockdowns in China. Remember, 90% of Macau's revenues are from visitors from Mainland China.
5. The Drought in the US West is going to impact farming, therefore impacting everything from feedstock, farm produce, and biofuel production.
6. Rising temperatures will harden the stand of Environmental activists, therefore, pushing down oil consumption. Oil Prices will not go to previous highs, as they can cause civil unrests which can dislodge governments (Sri Lanka is a good example). So governments are going to do all they can to cap Oil prices.
So all these intersecting agendas will not give a clear direction for economies to follow. What this will do is to create more uncertainity, and no market likes uncertainities. Therefore, irrespective of the direction of inflation, we can expect further drop in the TECH 100 in the mid term.
For further analytical discussions feel free to message me directly.
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