It's a global recession & liquidity crisis. Consumer perspective shaped by what’s going on in their own world despite politicos ignoring the chaos.
A lot can happen between now and fall, but we’re at a place that’s neutral territory for interest rates, and the Fed provided a dovish hint last week.
It’s likely that large chunks of capital are being intermittently sold to eliminate exposure to fallout from Evergrande’s debt default process.
Freedom Convoys, looming insurance industry bust due to excess deaths and disabilities with mRNA inoculations, recent price action in gold and silver, and a global debt bubble.