https://www.reuters.com/world/us/us-corporate-profits-decrease-sharply-first-quarter-2025-05-29/
US corporate profits decrease sharply in first quarter
https://www.entrepreneur.com/finance/us-economy-has-first-contraction-in-three-years/490912
US Economy Has First Contraction in Three Years
We will have to agree to disagree everything I am seeing is bearish. The "real" data IMO seems to say the US is in a steep contraction and the economy is rolling over. To use a technical term "its been flushed down the toilet" hehehe.
But that's the beauty of "economic data" we can all have differing views and interpretations.
I would argue markets are only rising due to the what I call the "final suckers rally". Something that happens before every crash/collapse due to marker makers/smart money needing exit liquidity. Everything I am seeing says they are selling while retail are buying.
P.S. But we will all know the answer soon enough, until then we strap in for the fun ride.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22792
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