Is Macro Weakness Offset by Bullish Price Action?
This is a Guest Post by Troy Bombardia of BullMarkets.co. The economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s short-medium term outlook. Here’s why: The stock market’s long term risk:reward is no longer bullish. The medium term direction (e.g. next 6-9 months) is mostly mixed, although there is a …
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