Louis on Nostr: The equity market has top for now and it’s just starting to go through a correction ...

The equity market has top for now and it’s just starting to go through a correction sparked by the unemployment rate and the weaker economy. The AI sector is cooling off for now until Nvidia’s BlackWell release in Q4. Whether or not we have entered a recession is unknown, but any bad economy data will continue to drive the market lower. The market can still have a strong rally but it will depends on strong overriding on the current trend in the unemployment data.

The good news is the Fed will cut rate and release liquidity to the market but the effect will not immediately affect the market price action. It tends to kick a month or two before the market bottoms.

I could be wrong and I am wrong often.