Monthly outlook

December outlook - equity markets and reality

America        I have felt for some time that the US equity market has made its high of the year, and that the move to the lows of November were the first part of the decline in a new bear market, and the rally in the second half of November was in effect a wave two counter trend bounce, before the next phase of the decline. These bearish patterns are very clear in the NASDAQ, and the bellwether Apple stock.

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