What is Going to Kill This Rally?

June 29, 2023

by Avi Gilburt GoldSeek

I saw an article published this past week, which attempted to outline 9 “black swans” which the author surmised would kill the rally we have been seeing of late. As the author noted, “black swan events are inherently unpredictable but it’s important to be prepared for the worst.” And, most of the scenarios presented were global events.

So, I would like to take a moment to provide my thoughts.

First, black swans do not kill a market. And, before you jump down my throat, allow me to explain.

While an event may be completely unforeseeable, it does not mean that an unforeseeable event will actually cause a market decline. Moreover, even though an event may not be foreseeable, market declines are reasonably foreseeable.