Wir haben einen Bananenmarkt. Die Charts sehen aus wie mit Klebeband an die Wand gepappte Bananen (unten). Sven Heinrich (Norman Trader) meint, dass die Zentralbanken sich in einer Falle manövriert haben. Sie müssen die Märkte "wie ein Flächenbombardement" mit weiterer Liquidität versorgen, um die sich verschlechternden Fundamentals (Liste unten) zu kaschieren.
Und jetzt sogar mehr denn je, siehe # 707 - zugleich eine hübsche Boeing-Referenz ;-)).
Das einzige Jahr seit 2008, in dem die Fed dem Markt Liquidität entzogen hatte, war 2018.
Sven Heinrichs Fazit: SELL!
northmantrader.com/2019/12/08/sell/
How to assess risk in a risk free world? Stocks are relentlessly bid up like taped bananas on a wall with charts taking on banana like shapes: Inverted, pointing relentlessly north. “Melt-up time” is the theme and sentiment de jour.
Trapped central banks keep carpet bombing markets with liquidity and the ever present trade carrot is dangled on a daily basis especially as soon as markets drop.
We saw some of this this week following an 850 point drop in the $DJIA which immediately prompted renewed trade optimism headlines.
Global risk factors such as mounting corporate debt are ignored as are now steepening yield curves coming from inversion, non confirmation signals such as weakening transports, negative divergences, vast technical extensions, and lack of evidence of accelerating growth.
None have mattered so far as the simple matter of fact is this:
To sum it all up: The world is trapped because economies and growth remain 100% dependent on central banks growing their balance sheets. 2018 was the only year of net reduction in liquidity and it was a disaster.
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