Recent intra-day reversals are due to institutional dumping of tech stocks, selling to retails. The weak 30 year treasury auction + Fed’s BTFP emergency lending window at a new all time high = We are in the final countdown.

Sharing is Caring!

This chart sums it up.

Stocks made a higher high on the left shoulder, lower high on the right shoulder. Extreme speculation both sides.

QE tailwind left, QT headwind right.

Volume similar.

New highs peaked during meme 1.0 pump and dump.

See also  Apple guides for low growth, yet the stock's priced at a ridiculous 35x P/E ratio.

In summary: Deep burial.







See also  Sound Money Gains Momentum: Dr. Ron Paul and Jp Cortez Discuss the Path Forward

Analysis: Moody’s warning on US banks a wake-up call for sanguine investors


Views: 123

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.