Canadian financial XFN to get shattered

Technically, it is more probable that the upper resistance ceiling be broken for a bullish run, but I feel we will have another pullback to the lower trend line because of end of cycle, banks stage 1 reserves under funding might hit earnings pretty soon as the bank rebalance their reserves to cushion real estate defaults. A catalyst could be Canadian authority crack down on money laundering into REITs from abroad.

Comment:

Also the protectionism wave across the globe may have China enforce capital flow restrictions and may prevent rich Asians to buy REITs abroad. A catalyst for REITs bubbles to pop. Australians are the first to get hit because they are even more expose to that phenomena and their economy being a lot more integrated with China.

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Economies slowing down globally. Peak auto hinted by weak output numbers by major industries.
This upper trend cycle will soon be challenged. I'm worried about those bail-in rules.