A multi year view on the FTSE 100.
For me global indices are looking at a very worrying stage, the worlds economy is looking at point of huge contraction as yet another financial crisis seems to be unveiling in the background, this time possibly starting in China with Evergrande default. Of course everything has been intensified from the covid pandemic which has left spiralling inflation and global shortages in every day goods.
With the fact that the FED has been holding up the stock market in stimulus for months, printing machine has not stopped running. Company buy backs at all time high its a over inflated hell waiting to yet again collapse into the depths taking many with it.
The FTSE 100 could be hitting the exit high as we speak a lower high formation looks set to end another month candle it could be down hill from here and a long way too.
For me global indices are looking at a very worrying stage, the worlds economy is looking at point of huge contraction as yet another financial crisis seems to be unveiling in the background, this time possibly starting in China with Evergrande default. Of course everything has been intensified from the covid pandemic which has left spiralling inflation and global shortages in every day goods.
With the fact that the FED has been holding up the stock market in stimulus for months, printing machine has not stopped running. Company buy backs at all time high its a over inflated hell waiting to yet again collapse into the depths taking many with it.
The FTSE 100 could be hitting the exit high as we speak a lower high formation looks set to end another month candle it could be down hill from here and a long way too.