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The Market Will Not Go Down Unless ...

The Market Will Not Go Down Unless ...
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By Monday, 22 June 2020 04:47 PM Current | Bio | Archive

The market won't tumble unless:

  • The death rate from COVID-19 spikes, not the number of cases.
  • The dollar keeps failing while the yuan grows in demand.
  • The civil unrest surges to the point of riots, hence unavoidable disruption.
  • War breaks out in North Korea or Middle East.

Otherwise, the market continues to love the Fed, who has given corporations zero rates and lots of helicopter money.

The market loves Trump, who has given corporations virtually no tax bill and little regulations to worry about.

The market loves the government, as they promised Americans another round of stimulus checks.

But, the smart money also knows the market is a tinderbox.

Hence, the metals stay strong.

All of this leads to stagflation.

And, the U.S. is now 10th in terms of economic strength.

We are watching the patient (market) on an IV drip, still rallying, but inching closer to its final curtain.

Michele ‘Mish’ Schneider serves as Director of Trading Education at MarketGauge.com. For 20 years, MarketGauge.com has provided financial information and education to thousands. MarketWatch named Mish one of the top 50 financial people to follow on Twitter. In 2018, Mish won the Top Stock Pick of the year for RealVision. Follow her on Twitter at Michele Schneider @marketminute.

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The market continues to love the Fed, who has given corporations zero rates and lots of helicopter money.
market, fall, down, investors
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2020-47-22
Monday, 22 June 2020 04:47 PM
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