According to Mihir (@RhythmicAnalyst), the bottom call for the Hang Seng Index (HSI) made on November 15, 2023, has proven accurate. At that time, economists held a bearish outlook on China and its real estate sector. The current technical analysis suggests a projected trend indicated by the blue path, reinforcing the significance of technical indicators in trading decisions.

According to The Kobeissi Letter, the perceived probability of Americans finding a job within three months after a job loss has decreased to 50%, reaching the lowest level since April 2021. This trend, outside of the pandemic period, represents the lowest percentage in the past decade. Such a decline in consumer optimism could impact economic activity and investor sentiment, potentially influencing trading strategies and market forecasts.