In the US stock massacre, I really feel like we've hit the bottom—price, sentiment, narrative, everything has reached the bottom.
Post
--Bullish
Crypto-Yang
·
--
BullishTonight's sharp drop in US stocks—why does the script feel a bit like 2022?
Back then, after the midterm elections, on November 9, the S&P fell over 2%.
Then, the next day, November 10, as soon as the CPI data came out, the S&P surged 5.54% that day, and the Nasdaq jumped 7.35%.
This year, again a big drop after the midterm elections.
Tomorrow, November 6, nonfarm payrolls, and next week, November 10, CPI.
Two elections, the same November, the same big drop, followed by major economic data in both cases.
Is history about to repeat itself?
Back then, after the midterm elections, on November 9, the S&P fell over 2%.
Then, the next day, November 10, as soon as the CPI data came out, the S&P surged 5.54% that day, and the Nasdaq jumped 7.35%.
This year, again a big drop after the midterm elections.
Tomorrow, November 6, nonfarm payrolls, and next week, November 10, CPI.
Two elections, the same November, the same big drop, followed by major economic data in both cases.
Is history about to repeat itself?
