Anavex Life Sciences Corp (AVXL)

[tootalljones]

Here is a reality glimpse: Jay Powell just released FED minutes saying they were gonna keep rates higher for longer into 2026, with a better than even shot at another Rate hike in November. They aim to stop inflation by engineering a soft recession. How is AVXL a little spec micro with no earnings, gonna go up? Money is leaving the system, and equities should get smashed.
The classic definition of a bear market is at least a 20% decline in equities from their highs. The Chief Market Strategist, Tony Dwyer, at Canaccord Genuity noted on CNBC the other day that the average stock on the NYSE is down 29% from its recent highs after last week's rout in the market, which was the worst weekly performance since March for equities. Based on many key charts, the markets feel in reality they are between a correction (10% decline from highs) and a full bear market right now. Transportation stocks usually signal stress in the economy and turn down in front of recessions. It certainly is not looking good on this front, as the SPDR® S&P Transportation ETF (XTN) is down some 17% since the beginning of August, right on the cusp of the official definition of a "bear market."