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Re: BubbaInSC post# 10300

Friday, 05/20/2022 8:24:06 AM

Friday, May 20, 2022 8:24:06 AM

Post# of 16224
you have the technicals correct, however, other sentiments also drive markets....


"Retail sales volumes across Great Britain rose by 1.4% in April, following a fall of 1.2% in March, the Office for National Statistics reports -- better than the 0.2% fall economists had expected.

The recovery was driven by a rise in food store sales volumes -- up 2.8%, due to higher spending on alcohol and tobacco in supermarkets (supermarket food sales were broadly unchanged)."

(from this morning's Guardian)

Sin stocks (alcohol, cannabis, etc, etc) will ride (imo) the inflation and recession waves....
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