Dark Cloud Forming in the Horizon

With the interest rate increased another quarter point few days ago by US Fed, US market was surprisingly muted. Looking at recent economic data, such as accelerated consumer’s spending, labor market robust, Powell has even said rate increase policy in the past became obsolete. They are going to speed up the rate increases into 2 …

Critical Market Observation

In response to Trump’s firing trade war with China, US equity markets reacted with another huge drop since February in last 2 trading sessions. It ended with the same level as the previous low which is technically defined as the 10% market correction.  (Chart A) However, looking at the major trend by plotting the tops …