Making Sense of the H&S Breakdown
Cross Asset Strategy
223 Views, 09 May 2022 04:49
- Our assessment of the bull and bear debate is really a debate of differing time horizons.
- The bullish factors are mainly short-term in nature, while bearish factors tend to be more intermediate term.
- Our base-case scenario calls for a short-term bottom and a bear market rally of unknown magnitude, followed by a greater decline into an ultimate low in the coming months.