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Peloton Fiasco

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

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.

Now The Balance Begins To Shift

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

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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