Monday Macro - TA suggests more US equity pain, China's risks, Nigeria's risks and why crypto matetrs to the developing world

Technical analysis suggests further US equity market falls, why China inflation (energy) could cause chaos, Nigeria's debt risks and Conservative ESG avoids US Inc

Are we there yet?

Over the last year, I’ve been very focused on figuring out whether we are close to the trough for stockmarkets. As I have repeatedly said, the key is the US market because

1)      It is by far the biggest bit of global equity markets (over two-thirds of total value)

2)      It determines investor sentiment for other national markets i.e t…