The election night bull market trendline is about to break. The only reason stocks have held up is hype and hope for Trump’s economic agenda. With the entire MSM, establishment shills, and deep state operatives trying to derail this, the market is about to lose this prop.
More worrisome for the financial system: the long-term bull market trendline for long bonds is in danger of breaking. How will that $199 TRILLION in debt adjust to higher interest rates? Not well.
Finally, Oil never reclaimed its long-term bull market trendline. The global growth stork since 1999 is over. Oil has called BS on all claims that we’re in a long-term growth cycle.
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Chief Market Strategist
Phoenix Capital Research