Picking a bottom is nearly impossible, but if one does not start layering in where the mud gets deep, then one ends up a bit light when the train leaves.
When gold underperformed Bitcoin, everyone got bored of it. That's no longer the case.
The longer the Nasdaq remains below the 200-day line, the easier it becomes for risk managers to compel portfolio managers to reduce exposure.
Let's talk inflation, Fed rate hikes, consumer confidence, and why last Friday's Retail Sales report is fishy.
This technical analyst can find no compelling reason to be long the stock market and urges investors to cull through their portfolios to cut out weak holdings.
Plus, Ford and Rivian, and SoFi Technologies' national bank charter.
All eyes will be on bond yields once again.
For the first time in over a year, I think the market and the Fed are more concerned about inflation than they should be.
In short, Friday was simply an absolute disaster for the U.S. in macroeconomic terms.
Now that rotational action between growth and value is picking up steam, the disparity between index and individual stock performance is even greater.