July 10, 2022, 2:24 am EDT
More Chaotic Events
(Featured Picture: Sigiriya, Sri Lanka)
After two years of COVID-19 and 4 months of Russia-Ukraine, we only know that there were more chaotic events arrival in the past few days:
- Sri Lanka’s Bankruptcy
- Japan Ex-Prime Minister Shinzo Abe’s Assassination
- UK Prime Minister Boris Johnson’s Resignation
We believe that these events forecast a lot of uncertainties for the second half of 2022 in terms of politics, the global economy, and geopolitical stability.
Although the US stock markets rebounded (DJIA +0.8%, S&P500 +1.9%, Nasdaq +4.6%) in the past week, it would be premature to assume the bottom is set and the rally is going to continue. High inflation, coming earnings, and potential recession could come together in the weeks ahead to bring an impact on the stock markets.
Combined with much longer influence from these chaotic events we mentioned, it would be better to stay on the bear’s side to prepare for the worst.
