The market collapse was driven by both fundamental and technical factors
The market collapse was driven by both fundamental and technical factors: Sevens Report Quoted in Investing.com
These are key indicators to watch for signs the pullback is ending
According to Sevens Report, the market collapse was driven by both fundamental and technical factors.
Fundamentally, economic data has finally forced investors to acknowledge the economy’s loss of momentum.
“Namely, that the economy is losing momentum and an economic hard landing, while not yet likely, is possible.”
“This market needs some solid economic data and the sooner, the better, because that will push back on premature recession concerns and remind investors that while growth is slowing, it’s not collapsing,” Sevens Report said in the note.
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