“There are a lot of side stories at the moment but I feel the major driving factors are the technical breakout that we saw last week and the global macroeconomic cycle that is currently hitting the stock market. In 2017 we saw abundance across all markets due to central bank loose money policy. Now that the central banks are raising rates again, money may become scarce and people are taking a lot of their investments off the table.”
What is your take on this guys?