Felix Zulauf: Markets rise but stock market reversal will affect the economy
Here is the English translation, with the content inside <> not translated:
<Fire Finance News>, Felix Zulauf, the head of Swiss Zulauf Consulting, believes that the market will continue to rise, although technical negative factors and the deterioration of market breadth are sending warning signals.
Zulauf pointed out that the positive liquidity trend may push up prices, but exchange rate fluctuations will have a negative impact on the stock market and the US economy. He believes that the rise of the stock market and cryptocurrencies has strengthened the balance sheets of consumers.
The shortage of labor in the US labor market has pushed up wages, and strong asset prices have led more people to retire early. However, a 20% drop in the stock market will lead to a reduction in spending by the wealthy, affecting the economy.
