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Stock Downturn Is Inevitable, Even With Trump Back | Michael Oliver
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Michael Oliver of Momentum Structural Analysis offers his technical analysis of the stock market following the recent U.S. election. He shares concerns about the current rally in the stock market, particularly in the NASDAQ, suggesting it may be showing signs of exhaustion and forecasting a potential downturn. Oliver explains how the stock market's inevitable decline could cause ripple effects in other markets, especially the bond market, and how it might benefit precious metals like gold and silver. He also touches on the surprising market reaction to the election and discusses the broader economic issues that could trigger a major market correction. Throughout the conversation, Oliver emphasizes his focus on momentum indicators over price alone, providing insights into his technical approach and the risks he sees in the market.
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