US indices hanging on by the skin of their teeth here as we head into the European close. those are Tuesday's lows for the overall move on SPY and QQQ; if they don't hold, there's not a lot of support until rather lower:
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I just can't imagine a scenario where they go anywhere but much, much lower. I am the most bearish I've ever been for the US. I don't know what that means for the UK, or rest of world though.
that's why I have the cash weighting I do too; history does not suggest UK can decouple from a full blown US recession and accompanying equity correction.
I think in the short term, uk stocks will get dragged down a but market dynamics should dictate that as US is hugely oversold anyway, it’s just correcting and UK undervalued so should bounce or hold..though poss of war/ recession/ trump madness/ tarrifs all threaten sentiment, and sentiment rules 😅
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