This week has seen a significant Bitcoin retracement, preceding Monday’s biggest daily collapse in the stock market since 2008. …
Part 1 — The Current Macroeconomic State
The S&P500 has collapsed -19% in just over two weeks, entering correction territory and possibly the start of a bear market. Based on the Recession Watch indicator, there is approximately a 50% chance of a recession within the next year.
Before the Coronavirus even hit, we were already in the late stages of a Bull market.
So where are we at now?
Global economies today have all the ingredients necessary to spawn a recession, all that is required is the trigger.
The key economic factors present today, which precede recessions, include: