Key insights
- The author expresses a bearish outlook on the US equity market, anticipating a -20% correction. Concerns include geopolitical risks related to Iran's nuclear program and stagnant wage growth despite healthcare job gains. The author believes the current market rally is unsustainable and driven by algorithms with limited capacity to continue the upward trend.
More headlines from axios or Pakistan? Iran is not giving up nuclear weapons. They will agree to something to stall for a month or 2 then continue just like China. Hahahaha. Next time they will be more ready for us, since they know Trump is very easy to Taco.
Or maybe jobs headlines. Healthcare is the only bright sector (the sector that bleeds most people out of their money), otherwise wages are still stagnant and you can get a nice retail job. Low pay work.
Remain bearish.. algos don't have much more juice to pump this fake market. -20% is coming fast for longs.