Booming U.S. Consumption ‘a Mystery’
What’s powering the U.S. economy? ‘It’s a mystery,’ concludes a think-piece by Noah Smith posted Wednesday at Bloomberg.com. He ultimately settles on a boring economic environment as the main reason why U.S. consumers continue to spend. While we may be living in all-too-interesting times from a geopolitical standpoint, the U.S. economy is arguably on a modest glide path, with no misguided Fed policies, oil price spikes or wild speculation to trigger a recession. Of course, the eternal optimists who nurture and sponsor bull markets have voiced similar thoughts just ahead of every recession that has ever occurred, so we should probably take what they are saying now with a grain of salt. Stocks are priced, if not for perfection, then for expectations that nothing will go seriously wrong. Paradoxically, the worst thing that could actually could go wrong, and eventually will, is the onset of a bear market. It is predictable that it will begin for reasons that will not be apparent until we are all waist-deep in it.



and the mkt could end down an ole 400-600pt…and monday will not be a reversal cause the virus is back in the news and the news is horrific…another scenario would be the mkt is down all day within the current range– than has a whistling past the graveyard finish either side of the unchanged line…that would all but guarantee a big down monday.
https://futures.tradingcharts.com/marketquotes/ZB.html