Market review 24.04.21

Assessing the pullback and presenting a scenario from here

Hello everyone,

This week, the pullback in equities accelerated. The worst-performing areas were semiconductors and ARK funds. Meanwhile, the best-performing areas were gold, silver, and copper.

In today’s post, I will cover a lot of ground:

1. I’ll add to the growing list of overarching warning signs for equities.

2. Why we could be approaching a short-term bottom.

3. How much upside a potential rally could have before we want to get much more defensive.

4. Which segments could be the most attractive in that potential rally.

Let’s begin.