Dow, Nasdaq, S&P, and Russell for Winter 2023 – Technical Analysis

The U.S. stock market is under pressure for a variety of reasons and there’s no Goldilocks factor to be found in the current state of global affairs.

A Winter Mutant Wave in China is Globe-Trotting

The BF.7 mutation is a sub-lineage of Omicron’s BA.5 that’s believed to be causing the current surge of infection and death ripping through China.

Rumors of a Revolution in China

Protests escalated in China this weekend due to the CCP’s zero-COVID policy and draconian lockdown of hundreds of millions of people.

CBDC Panopticon Prison Via the Fugazzi Crypto Bust

Let me get this straight: folks who promoted crypto as a decentralized safe haven are blaming FTX on the lack of government oversight.

Sanctions, Supply Chains, and Recession Sentiment Decimate Microchip Stocks

No matter what silver lining analysts mention to lessen the blow to semiconductor sentiment, I wouldn’t recommend bottom-picking at this time.