econonmy can keep growing 4% as long as people who can't afford it buy things they don't need from companies with inflated valuations with cheap (at the moment) corporate borrowing on credit they can't afford (shortly) whilst suffering 15yrs of wage stagnation and record levels of personal debt....I could go on...what's not too like ;-)
If it isn't about to enter the crappiest bear market since 2013 and bounce on the weekly RSI 30 still looks like 1200 still to be hit or even a bit lower before some sort of sustainable recovery. I mean if we keep seeing SPX and Nas highs why not 1030 before QTand reality finally takes hold.
You're lookin at about 70% to the apex for the reversal so technically it looks close but I'm really not that bullish on PMs but the miners often move before the PMs turn