Whatever the reason for uncertainty and pessimism that is present in the market, the end result in recent months has been the systematic trampling of selling pressure on the part of the Bulls, who as much allow one or another day of consolidation without correction. Due to the many clouds that exist on the horizon of the North American and European economy, the dramatic situation in the labour market and the low visibility of short-medium term projections, news regarding treatments or vaccines that fight the COVID-19 pandemic, have been the antidote to any onslaught of the Bears, sometimes even seeming to suit the needs of the Bulls.
And if it is a market motto that when everyone thinks in the same way, it’s when sentiment is about to turn, the central banks’ meddling in the technical fundamentals of the supply and demand binomial are for now leaving investors without guidance, given that it is unthinkable these institutions will lose their credibility, however the financial crisis was also unthinkable and happened, in fact like almost all major disruptive events, the problem is that for now the time is up to the Bulls and getting the timing right when it will stop being this way is very complicated, leaving the bears in a land where basically few places have anywhere to hide.
