There are a number of economic data points and trends that likely indicate a profit cycle recovery in 2021 and 2022. This is important as changes in profits drive changes in market levels
Dr. Angelos Angelou (AngelouEconomics) joined Russ Norwood of Venturi Private Wealth and discussed the post-COVOD19 economy. This blog is a modified transcription of the virtual event that was hosted on June 12, 2020 and the opinions stated in the blog are those of Dr. Angelos Angelou.
Market technicians are comparing the characteristics to the decline on April 2nd to the year lows that were established February 5th and so far, things look less bad. Selling pressure on Monday April 2nd was not as extreme as in early February. This could be an indication that the selling is exhausting itself and a subsequent rise in signs of investor pessimism is actually a healthy backdrop for a rally.