I think it's a sign of support that price will not get below .14, I personally don't think it will get there.
.17 has shown to be a very strong support multiple time and with each month passing the macro environment outcome becomes more clear and showing market that stability is coming.
The recent price move on macro is just market factoring in a worst case another .75 fed rate rise due to Opec cuts and jobs data.
Data has already shown that interest rate rises have had a positive effect of dampening inflation, now its just a matter of waiting for Fed to start to soften rate rises which will happen with time.
Until then, Blackstone is a great accumulation price IMO
They have enough cash to ride out the storm and will be ready to set their sails and catch the winds of opportunity that comes when the market sentiment changes back to positive.
BSX Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
