Equities until 2024: econ update
For everyone that has been following my forecast for the equity markets, I have been saying that the top of this current 54 Month cycle is in, and equity INDEXES SHOULD start to stair step down into 2024. I realize that is over 2 years away, but it doesn't change the fact that the first 80 week cycle low on the INDEXES has been BROKEN BY PRICE.
Higher taxes on wealthy
Schools need money
More veteran spending coming
Lend Lease Act and rebuilding
Corporate repositioning for crypto and real estate
Healthcare needs rebuilding
Flight to staples, energy, ags, etc
This is bad for the high PE and value. Financials, tech, everything will stair step down.
Trading strategy is to follow indexes and watch for daily and weekly sector strength or weakness and follow it as index moves in trade direction of cyclic activity.