Stocks GDP Jobless Claims super low Nov 24, 2021 09:24
Nov 24th, 2021 by Critical Point
Traders sell after good GDP report and lowest initial jobless claims in 50 years. The news support the model's long-term bullish stocks and economy stance.
But the short-term trader pressures prices. End of month and holiday trade. Unwinding of derivatives that wen too far. Also stock rotation.
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Primary focus on the US stock market and the major grains. Short-term to super-long-term forecasts from the business cycle model, including signals.
Additional model-based opinion/signals include global stock market indexes, interest rates, dollar, bitcoin, gold, oil, the boom/bust cycle of the economy, and the cyclical climate events that can cause crop problems.
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