It's just not in anyone's best interest on what we call the buy-side or the sell-side to tell you that.
This might not end well.
Market participants are betting that the worst has already been discounted.
Can the charts get in line with the data?.
A new study suggests 1.55 million people could die if China abandons zero-Covid, with the intensive-care system needing 15.6 times existing capacity.
The unevenness of this corrective action combined with multiple contraction in growth stocks is making it harder for upside to develop.
This morning's CPI print will certainly be this week's (month's) catalyst if there is to be a short-term rally in equities.
I can't stress enough the importance of patience while this corrective process plays out.
Several contrarian indicators are at historically high levels of bearish expectations, but other charts may tell a different story.
Here's my thinking on the Nasdaq, bonds, energy, commodities and crypto right now.