Chart thread, page-971

I don't know enough about the DAX and what's driving it but in the US their market is being driven up by the mega cap tech companies, most other stocks aren't participating. There's no shortage of US traders tweeting about the lack of market breadth. Also, the stock market is not the economy, maybe a recession is already totally priced in, people have been talking about it for a year now, who is left to sell on recession fears? My view is that the vast majority of people trying to trade/invest based on macro economics end up on the wrong side of the market, by the time they're realising the situation, instos were positioned for that well before the public wake up. A great quote from Druckenmiller who's very highly regarded for his macro trades - "I'm wrong far too often to rely on being right to make money"



The market has a great sense of humour and ends up making the majority of people look stupid with their macro calls so that news may well top the rally in the short term