MachuPikacchu on Nostr: Looks really bearish near term. Credit card debt is surging, auto loan delinquencies ...

Looks really bearish near term.

Credit card debt is surging, auto loan delinquencies near all time highs for subprime borrowers, commercial real estate is struggling, millions in the US went many weeks without pay recently due to the shutdown, etc.

None of that recovers in just a few weeks which means we’ve got plenty of dip left to go.