Hi everyone! 👋
This is my first ever video on TradingView . In this video, I explain how a deep dive into the continuing U.S. jobless claims (USCJC) could reveal that a recession is actually already underway.
Later in the video, I explain my thoughts about the future direction of the market and why I believe we're entering into a period of stagflation ....
How long will the rally continue?
What to watch to answer this question.
7 October Fed Critical Datapoints
Non Farm Payrolls and Unemployment Numbers
If more people are finding jobs and and unemployment is going down it will indicate a strong economy, which will lead to the Fed continuing rate hikes, which will put downward pressure on the S&P 500.
If more...