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Fundamental Analysis…The Big Picture
When reporters would ask Michael Jordan if he could fly, he did not answer “no.” Instead Jordan would reply, “For a little while.”
That’s the way it is with markets and their movements away from the underlying fundamentals that support them. Rather than enter a futile debate between “macro” thinking and technical analysis, a few basic concepts can help a trader navigate the market’s turbulence more confidently.
Fundamental analysis is the practice of analyzing commodities and trying to predict where their prices should be trading and what they will do in the future. The building blocks...