In spite of the recent downturn the NASDAQ Composite is up ~2.6% since opening on 1/2/20. All of my indicators show low selling but lots of buying, which is a good sign, but a correction, when it happens, could be swift and steep
What does this say about our political economy? The markets are happy with our trade war ceasefile with China and don’t seem to be worried about a potential trade war with the EU. Is a Trump victory a for gone conclusion? That would make the markets happy too.
So what could go wrong? Well, how about a coronavirus pandemic in China hobbling the country’s growth prospect thus undoing the gains granted by the trade war truce. That could do it.
Quant For The Masses 