You've been rather contrarian lately -- so, you're saying semis are going to stay in the down channel for a while longer? I agree with that since they have a little lower to go to achieve a 50% retracement of the latest rally. Semis will show reversal if they can cross back over 50dma and 200dma. So far, they haven't shown they can do that, but it's early.
Fed will raise rates again, and again. It takes many, many months before rate increases affect business cycles, and the Fed wants to get back to par.
GM doesn't matter anymore.
Greenshades wants housing to slow, as it is getting too speculative.
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