But weirdly, and irrationally, bubbles pop anyway.
EU27 is paying a high price for its utter failure to unroll vaccinations at scale. The U.S. performance, starting with February-March, has been exemplary.
All cycles have gotten back in gear. The upside could be explosive. This report tells what to look for that would trigger that scenario. Technical…
Updating graphs for Europe and EU27 pandemic data through week 17 of 2021:Some good news with a shade of a reality check:New cases are off their Wave 3 highs, solidly soCurrent case counts are still above Wave 2 trough and well ahead of where the…
List performance degraded last week, with the average gain dropping to +2.5% on an average holding period of 12 days. That includes open picks and those that triggered stops during the week. Remaining picks are shaky. I have tightened stops.
This table summarizes recent list performance.
There is an overarching issue I haven’t been able to get off my mind: Are we at the beginning of a new cycle or in the waning days of the previous multi-decade cycle?
Despite their hollow bleatings about ‘doing all we can to achieve full employment’, the Fed’s policies has been Kryptonite to employment, labor and the bottom 90%–and most especially to the bottom 50%, the working poor that one might imagine most deserve a leg up.
Demolishing American middle class… one year at a time
Bulls won yesterday’s screen game with 22 buy signals and 16 sell signals. That compares with Wednesday’s 34 buys to 12 sells. We’ve had a couple…
On the daily charts, anyway.
One day, it will break, and it will be all over.
For now, we look at shit like this and see patterns that would have been frighteningly bearish in the good old days when markets were markets, turn up.
The…