Clifford Bennett
ACY Securities
US retail sales collapse
Consumer sentiment at 10-year lows
What is not clear here?
The real US economy is in dire straits.
While Wall Street talks everything up?
US retail sales collapse
Are they tipping over to lockdown levels again?
US consumer sentiment
Back at GFC levels. This is a disaster.
China new home prices
The game is up. No more get rich quick and easy.
Property investors will have to roll up their sleeves and work a lot harder from now on. Permanently.
Germany rebounds
Though only a partial rebound and Germany is again beset my a fresh Covid wave. Nonetheless, the tortoise that is Europe is returning to some form of new normal.
US500 daily chart
This is the deer caught in headlights stuff. The market is frozen just for a moment, before I believe, yes, you guessed it, a resumption of downward pressure. Wall Street bullish sentiment has no basis in Main Street reality.
AUS200 daily chart
Australian market is in all kinds of trouble even if it hasn't figured out the local reality yet. Seeing very sharp declines ahead.
Australian dollar daily chart
Looking particularly dangerous as all of the past month has been merely a consolidation phase before the overall macro-downtrend resumes toward 65 cents.
All the best.
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