TECHNICAL ANALYSIS | May 23, 2019
When Elephants Fight
"When elephants fight it is the grass that gets trampled."
The world's two largest economies are fighting and it is not pretty. Let me rephrase that, the leaders of the two largest economies in the world are engaged in a down-and-out mean and scrappy brawl. As they throw their considerable muscle and might around, it is the ordinary people who inhabit those two economies that are getting trampled. How bad will it be? Will a sudden truce send markets soaring in a relief rally? Will any of this even matter? Was the uptrend already over even before the current spat between Trump and Xi Jinping?
by Stella Osoba, CMT
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