I believe we have entered a multi year global economic stagnation, and financial repression. Debt levels are to high for any sustained growth in the global economy. Debt deflation, and the manipulation of credit by central planners will continue to confuse markets for years to come. Until confidence in Central Planners and Financialization finally break down we are in a big 400 point trading range in the SPX500.
הערה:
It looks like we hit the top of the trading range and is now heading back down. I think a break above 2200 will invalidate my thesis and we will see rising interest rates and global inflation picking up.