Chart - Z1P, page-16569

merely profit taking into reports based on pent up excitement due to a myriad of strong periodic economical data to support top line growth across growth sectors.

the selling magnifies the volatility which will calm, but mr market isnt looking to go head first again.

World is watching the US, where if it sneezes, Europe will catch the flu.

Europe is at a very precarious point in their economic history, with every single alarm bell ringing, from geopolitical and macro economically speaking, the war in Ukraine, droughts across most of the continent building on a huge energy crunch crisis, uncertain and unbalanced covid recoveries, frightening debt levels and record level inflation across some of the major hubs. Private business output slowing and monetary policy tightening - its pretty concerning to think about how it will play out, while policymakers scramble to deal.

meanwhile the US battling their own concerns. Some of the countries leading economists argue a recession is all but inevitable and extremely likely in the coming 12 months, but the unemployment rate and job vacancies do not support - however the latter, in my opinion, is propped largely by immigration slowing due in part to covid and travel restrictions . US GDP continues to decline - which is the ultimate indicator / signal in my opinion.

Technical recession vs real recession is yet to be seen, but while rate increases are inevitable, costs of goods increasing dramatically, the battle for inflation management continues and while the battle ensues, the money will remain sidelined, with the occasional pumps and dumps rotate across A variety of risk classes and commodities - ie - it’s a seasoned traders paradise.

In my opinion, it’s unlikely to see any sort of bull market or rush into growth (especially tech) in the short to medium term (6-12 months).

Borrowing capacity and the ease to capital should remain front of mind, as cap raise risk on stocks with weak balance sheets will remain on the nose. Funds, instos, sophs etc - do not need the added speculative risk in order to seek alpha.

all in my opinion, do your own research.