There is a Recession on the way!i remember so clearly the past 3 recessions. And here is what i use as indicators;
When you begin seeing, day after day, headlines like these, below, then you know that a recession is very near:
"Europe’s banks slash 60,000 jobs as outlook turns negative"
"Carmakers eliminating more than 80,000 jobs as electric era upends industry"
"Canada’s job market unexpectedly weakened for a second-straight month, registering the biggest drop in employment since 2009 and setting up a test of the Bank of Canada’s resolve to hold off from lowering interest rates. The economy lost 71,200 jobs"
"Alberta’s opposition party is calling for an emergency debate to discuss the United Conservative Party’s plan to eliminate more than 5,000 front-line public health care jobs."
"U.S. Bancorp plans to restructure staffing at its 3,000 bank branches, eliminating an undisclosed number of jobs."
"Deutsche Bank Weighs Job Cuts of at Least 10% in Rates Unit"
And there are more. All of those headlines are from within the past few weeks.
Unfortunately this is the kind of news that will keep our MJ sector suppressed for the next year or so, till we see improvement in the overall world economy.
And i am not a basher, i simply speak the truth using facts. As we sit and watch for MJ company financials to improve over the next couple of quarters, and while the macro economic outlook continues to deteriorate, it could be a while till we see a pop in SP like we have all become so accustomed to .
GLTA