Again we are seeing divergence from most stocks to niche. In the niche we have 20% winners in any number of areas, mostly small cap. Overall, stocks are down 4 of the past 5 days. The declines are moderate, but pervasive. We are also seeing weakness in commodity names.
Basically if you’re not River boat gambling in stocks like LTRY and MARK, this rally is passing you up.
I can see it most obviously in my quant vs my trading — +0.28% for the week vs +5.7%.
Is the trash bubbling now as a foreshadowing of a great big implosion to come? We do often see crap rising before general collapses. If I had to guess, I’d say markets deserve to collapse but it doesn’t look like it’s ready to yet.
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London is making all-time highs! Like Joe Biden’s economy!
Thanks Joe! You knocked it out of the park at the SOU.
Peter Eliades on Fox Bus. says technical indicator using VIX hit yesterday – Along with Fear/Greed indicator (NDX100 and Fibonacci retracement) confirm ——look out below.
I’d rather not pass along how low he predicts market may go. would you believe 2009??