Market Update: MAG7 Divergences
Ok, with that out of the way, we want to talk about divergences. For those of you who’ve followed us for any length of time, you’ll know that we pay special attention to divergences, as they tend to happen at the end of a move—signaling an exhaustion of the move. For nearly a year, MAG7…
Eiffel Towers and “Tons of Liquidity”
Turning to the market for a quickie, it sure feels like we’re living through a fever dream here… Yes, the RRP is gushing liquidity everywhere… Yes, the economy is booming… Yes, the inflation is accelerating… Yes, Fiscal is gonna be like 8% of GDP in 2024 (elections need stimmies)… …and amazingly, the Fed is talking…