Well, just like I’ve mentioned about eight thousand times, particularly on my tastytrade show, what I called the “Accidental Beneficiary of Covid” (ABC) — Peloton – – has finally hit the skids. I’ve been making snarky remarks about this place for ages, since I never believed cheesecake-gobbling Americans would pay big fees every month to exercise and get shouted encouraging bromides from strangers. I’d say this has vastly lower to go. The head and shoulders pattern I’ve been tracking for months is completed, and it’s bombs away now.
The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.
This report tells why, and what to look for in the data and the markets. GO TO THE POST
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