The Little Bear is Growing Up!
- Clifford Bennett, Chief Economist at ACY
- 21.12.2021 06:15 pm #stocks
We Painted A Bear Picture.
(I wanted to say masterpiece but am too humble.)
Now that bear picture is coming alive.
Equities are entering a dangerous free-fall zone.
How to feel good about a bear market?
https://music.apple.com/au/music-video/maggie/1536901223
Yesterday's Vid if you missed, sums it.
Last week's Fed Discussion Show.
UK Consumer Morale languishing.
UK Factory Output through the roof.
This is still a catch up process, but I see trouble ahead as all of the UK slows again.
NZ Consumer Sentiment precipitous.
NZ Trade Deficit becomes entrenched.
Not a good look for a small trading nation at the bottom of the world.
US Stocks Undoubtedly In Trouble.
Expect a good attempt at a rally today in Asia. After a few days consolidation suggest this new major down-trend will resume. Important to note there is now constant downside risk overall. Daily Chart Finlogix.
Australian dollar target 65 2022.
Immediate hesitation for a few days possible. Overall risk decidedly bearish. Daily Chart Finlogix.
AUS200 7000 6800 catch up to AUD.
Has been weak for several months now. Always difficult to read the chaos that is typical mid-range of these big consolidation phases. Expect another attempt at a bounce today. Overall risk lower. Daily Chart Finlogix.
Enjoy and stay thoughtful too.
We are approaching the holidays and everyone is stepping back. Often the next big trend for the coming year begins in exactly this period. If markets keep heading south, there may only be downward acceleration early in 2022.
Remember a bear can be your friend, if you embrace it.
