In yesterday's video I said if the market was going to make another leg lower it would happen on the back of financials. Financials delivered that leg lower today as the market screamed systematic risk. The financial sector is on the verge of going to the 2020 crash levels just as inflation continues to rage and the Fed has no choice but to continue raising rate. We have a crucial unemployment number coming out in the morning followed by CPI and PPI next week. Here are the key levels to watch to make sure you have your risk in check...
Are Financials the Canary in the Coal Mine?
