As Congress dithers over a stimulus bill, the part of the economy not reflected by the stock market continues to suffer. How long before the market takes notice?
Most factors driving stock prices are currently tracing out triangles – a chart pattern marked by lower highs and higher lows. It’s the go to pattern for marking time before a big event such as an important economic data point, a Fed meeting or an election.
WTI is a perfect example.
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