“Someone” is getting desperate.
Throughout the last week, anytime stocks have begun to correct or drop, “someone” has bought S&P 500 futures to prop the market up.
Anyone who’s been involved with the markets for a while knows the difference between real buyers and manipulation. This is manipulation plain and simple.
Look at all those “V” rallies. Three days in a row stocks opened DOWN and someone immediately stepped in and began buying aggressively.
Another tell-tale sign of manipulation: the buying halts almost the moment stocks get to 2,100 on the S&P 500. At this point the manipulation ends. And because there are few REAL investors buying stocks at these levels, the market immediately retreats.
Could it be that the Fed or Plunge Protection Team is aware that earnings are collapsing… signaling that this stock market bubble is ready to burst?
Or that the US economy fell off a cliff a few months ago? We're now almost assuredly in a recession.
Indeed, the number of data points that are "the worst since 2008-2009" is staggering...
This whole mess feels just like the end of 2007/ beginning of 2008 to me.
On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide
In it, we outline precisely how the coming crash will unfold, as well as which investments will perform best, including “crash” insurance trades that will pay out big returns during a market collapse.
We are giving away just 1,000 copies of this report for FREE to the public.
To pick yours up swing by:
Chief Market Strategist
Phoenix Capital Research