Gold has had a good run, but the bulls are likely running out of money.
Using the SPX and S&P 500 futures charts to help stay on the right side of the market, whatever your time frame is.
When you hear hysteria over the inverted-yield curve recession fears, ask whether you are really going to sell all your stocks now, because of something that might happen far in the future?
The corrective chart pattern in the S&P 500 is nearly complete.
Markets sold off on the back of the 'currency manipulator' designation, but have reversed sharply. The question is whether that reversal will hold.
For Trump to get what he wants, he will tariff nations and cause an economic shock just to get the Fed to further cut rates.
Prices are approaching multi-year lows at a time in which the number of bearish market participants is at a multi-year high.
I believe a sizable move is on the way, with higher volatility coming.
Look for the VIX to back off as we enter earnings season.
The Fed can't justify a rate cut soon on the strong jobs growth data. Expect bond selling and a follow-on hit to equities.