Financial markets have been warped by policy, which has severed price discovery from underlying economic performance.performance. Know where the exit doors are along the way.
In the 1990s, we had the 'new economy' stocks and the 'old economy' stocks. Sound familiar?
While every recession is different, here's what could be in store for jobs, interest rates, the Fed and stocks.
This reminds me of 1999 to 2000, but the big lesson during that time was that the crazy uptrend can persist much longer than seems reasonable.
While we face some absolutely insane moves, we have to ask: Where are the sellers?
All the current indicators from trend to momentum to price action sit in a bullish position as the stock breaks above resistance.
Here's a better way to play things.
The spot market is above the $1,800 threshold.
The RMPIA rebounded more than 22% in the June quarter to finish up 7.8% at the 2020 half mark.
TWTR looks like it's ready for a sustained move higher.