Joseph Wang Markets Weekly
- Thread starter mmm....shiney!
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IPDA
Active Member
Top is likely in on major U.S indicies too. Nasdaq confirmed a weekly reversal pattern 18th of Feb. Intermediate-term target would be 16,700 - but even this is generous.
Joseph's latest update, I found the chat about the revision of NFP the most interesting (yeh, data nerd), though I'm not sure that I agree with his call about a recession, though I wouldn't argue with his "softening" call. But then I wouldn't argue with someone who said that the US economy will stall either.
Been a while since I posted a link from Wang, he spends a bit of time looking at gold and silver in this episode:
He makes an important point regarding the silver squeeze, that when the squeeze ends there is normaly a big down move.
This is an important point regarding the Australian housing market too. There was a massive squeeze in the market and now the government is scared of what will happen when the squeeze ends. This is why they will keep pumping immigration nonstop and reduce lending standards to keep the squeeze going for as long as possible. Which means the government will need to create more fake high paying jobs, so people can afford ever increasing Mortgages. Which then means Australia’s productivity will continue to decline and therefore will continue to have a reduction of living standards going into the future.
This is why you should never go full retard.
This is an important point regarding the Australian housing market too. There was a massive squeeze in the market and now the government is scared of what will happen when the squeeze ends. This is why they will keep pumping immigration nonstop and reduce lending standards to keep the squeeze going for as long as possible. Which means the government will need to create more fake high paying jobs, so people can afford ever increasing Mortgages. Which then means Australia’s productivity will continue to decline and therefore will continue to have a reduction of living standards going into the future.
This is why you should never go full retard.