Weebit - 2021and beyond, page-9166

Macro dynamics...( apologies as its mostly all economics....won't do it again )

and the Fed has had enough of the property inflationary bubble swallowing the US ......as a National average the price spike sits at 19.8%....some states / metro areas have spiked 32% within that national figure....pile this onto the cpi 30yr highs /

Markets are now anticipating the end of quantitative easing....ouch!.....
that can be seen in the pressure / slight rise in long term interest rates
the 10yr treasury yield currently sits at 1.55% ( highest since mid june) and 30yr fixed rates on the mortgage market are 2.88 -3.16%

the markets are playing risk aversion





and if the stimulus package stalls through congress and the the debt ceiling stalls...according to Moody's



add the declining PMI to that and you have a lack of business confidence globally also reflected in the market....some call it the September effect and it appears to have materialised yet again
PMIs indicate decelerating growth in Europe and the US
In the United States, the manufacturing PMI fell from 61.1 in August to 60.5 in September, the lowest in five months but still a number indicating very rapid growth. The services PMI fell from 55.1 in August to 54.4 in September, a 14-month low. Markit commented that the deceleration of growth in both sectors indicates a weakening of economic growth in the third quarter after breakneck speed in the second quarter. They attribute the slowdown to “a combination of peaking demand, supply chain delays, and labor shortages.” The weakening of demand was mainly for services and likely reflected a change in consumer behavior in response to the latest outbreak of the virus.

In the Eurozone, the manufacturing PMI fell from 61.4 in August to 58.7 in September, a seven-month low. Still, the rate of growth remained strong. The services PMI fell from 59.0 in August to 56.3 in September, a four-month low but a very respectable rate of growth. In part, the deceleration in growth comes after breakneck growth during the summer. It was inevitable that the fast pace following the end of restrictions would not be sustained. Still, Markit says that the slowdown partly reflects supply chain delays and shortages. This has constrained the ability of both manufacturers and service providers to satisfy rising demand. One consequence of this situation has been a decline in business confidence.


so the market is contracting accordingly.....same same ....nothing to do with WBT as some would have you believe - its the prevailing market sentiment...
Equity markets just entered their forth resting period since the pandemic correction ...
rest 1 upon completion of 30% upturn
rest 2 upon completion of additional 15.5% up turn
rest 3 upon completion of additional 7% up turn....

check it out - it's all there ....question is ....is this the next rest or something more? further to go imo

worried.....nope - not yet - but who knows
something to think about

@taffyjuke....reached out to CH who confirmed the 'order of magnitude' increase in the endurance performanceis correct -

GLA