23 April 2022
The market leader industries at the moment are food and farming, and the laggards biotech. From leaders to laggards, the whole market has been falling these last two days. It is very unusual for leading as well as lagging sectors to all fall at the same time.
This is bear territory, heading maybe for recession, who knows.....I don't! There are surely technical indicators, indicators that I don't understand and indicators that are anyway probably no longer valid because the economy is so weird.
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