It didn’t have to be this way
As the market stalls out and technical sell signals are triggered it may be an interlude to take a look back.
What we are walking into is a reflection of the negative effects of a Bully Pulpit gone wrong for the past four years. We have been subjected to tax cuts for the rich, tariff distress, and mindless management of the pandemic. and now we are going to pay the price in economic destruction
Limitless access to consumption and using Wall Street as a speedometer are driving factors.
This market is now totally about COVID, while conditions are forcing more use of masks I do not see recognition of the real Panic that would get people to use their masks as second nature.
The Big surprise will be when we get a vaccine and the market blinks, it will be too late to save the economy.