Now you’re all commenting on my skillset.. Macro is my specialty..
I can say with confidence that if history repeats, 2023 will not be a repeat of 2022 in markets.. They will stabilise and turn for the better if not in the 2nd qtr, definitely in the second half and beyond into 2024.
You will not hear what you need to hear, and when you need to hear it in the media, on YouTube and likely from many “expert commentators”. There’s just too many vested interests involved to keep the masses wrong footed.. I would suggest that I took a good 8 years of research to find the right people to study, and the last 5 years studying them.
Read up as much as you can on Phil J Anderson, and Fred Harrison that both wrote about Land Markets in the US and UK, and you will be on the track to a great understanding of Macro structure. I don’t use their knowledge for stock markets as I find others more useful in that regard, including Mark Minnervini, Gil Morales, and others.. The psychology and risk management just as important and twi great books in this are “Trade the Trader- Quint Tatro, “The Hour Between Dog and Wolf- John Coates”, and Minervini discusses it in good detail in his books..
What is crystal clear is that earnings will be the bottom line for BRN..
I won’t go into charting here, but I have done a historical chart commentary on BRN that picks apart it’s price action over its 7 or so years of listing and identifies the various inflection points of its price action, and shows when and why its price action got me more excited at various points in time.. Where it is now is starting to show some signs that I look for, being tightening price range and constructive fractal formations.. It isn’t there yet as stated but It is showing some signs and hope of a decent turn over the coming months..
Merry Christmas all