As I reviewed today's video before sending, it occurred to me that I left out a few factors with regard to market probabilities that could move the needle in either direction. As you'll see, I attempted to answer the "when" question for stocks by drawing trendlines on the weekly and monthly SP500 charts.
For starters, I want to make very clear that there'll likely be nothing linear about the path between here and the ultimate low (assuming we've not reached it yet) for the current bear market in stocks, despite the drawings I offered up.
With regard to potentially needle-moving factors, there are of course always more than we could possibly know (i.e., anything can happen), but we're aware of a number that would likely be measurably impactful -- such as, for example, a Russia/Ukraine cease fire, China abandoning (or claiming victory over the virus due to) its Zero-Covid policy, and the passing of the pending US "stimulus" package -- at least when we're talking short-term moves in global financial markets...
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