Take for example, the US recession, everyone is saying that since last year, but the US stock markets keep breaking ATHs.
It's funny how the sentiment against the US economy has picked up while under the hood, the riskiest assets (which stocks fit into as well) are performing exceptionally well, and they have been performing well for years straight.What needs to happen for me to finally start acknowledging that a recession is near, is to see capital being withdrawn from risk-on assets. As long as that isn't the case, don't bet against the economy because you'll get burned hard.
You know what old time professional traders say, “The trend is your friend, until the end when it bends.” - from Ed Seykota. And right now, all I hear from the media is that US recession is coming and it's coming really soon. I would rather see the trend actually bend first.
gonna check this out now