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Wealthion - Be Financially Resilient

Is An Economic (Or Social) Breaking Point Inevitable? | Sven Henrich

Sep 9, 2023
Sven Henrich, technical analyst of NorthmanTrader.com, discusses the markets outlook and the rising concern of social unrest due to worsening wealth divide. Topics include government spending, Federal Reserve's role, asset classes, the current state of the US, market analysis, and the importance of balancing technical signals and fundamental analysis.
01:18:01

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The technical analysis suggests that the market may continue to rally until a significant break occurs.
  • The unprecedented levels of deficit spending by the US government could contribute to inflation concerns and a potential market downturn if a recession occurs.

Deep dives

Technical analysis suggests markets may continue to run higher

According to macro analyst Sven Henrik, from a technical standpoint, there is no strong bear case at the moment. While a correction could occur in September or October, the overall technical position of the market remains impressive. Henrik also mentions that human factors, such as upcoming presidential elections, could influence the actions of key figures like Janet Yellen and Jay Powell, who have a vested interest in avoiding a recession. Overall, technical analysis suggests that the market may continue to rally until a significant break occurs.

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