Peak Prosperity, Released on 7/18/20 Stop me if you’ve heard this one before. GDP falls -35%, the worst quarterly drop in the history of the US economy….and the Too Big To Fail banks make record revenues. Got that? Over 50 million Americans have lost their jobs as a result of the economic carnage inflicted by […]
Peak Prosperity, Released on 7/11/20 At this point, as go the leading Tech stocks, so go the markets. So much capital has crammed into the tech sector this year that it boggles the mind. Tech stocks now make up 40% of the market cap of the S&P 500. And despite their huge size, they continue […]
Peak Prosperity, Released on 6/27/20 Since the appearance of the bearish island reversal we noted two weeks ago, stocks have struggled and so far failed to regain the highs reached earlier in June. And another bearish island reversal happened on Tuesday. The resistance displayed by these reversals and the resulting choppiness of trading are exactly […]
Peak Prosperity, Released on 6/20/20 Well, so far the market has shrugged off last Thursday’s violent 6% drop. Though it does seem the momentum of the mania has been substantially tampered down. Last week’s drop created an “island reversal” that still remains, an encouraging technical sign for the bear camp. There have now been as […]
Peak Prosperity, Released on 6/12/20 For weeks now, we’ve been warning that the ongoing melt-up in the markets isn’t sustainable. The higher it shoots, the more painful the inevitable correction will be. Well, yesterday (Thursday, June 11) was certainly painful. This came as a rude awakening to the many new retail investors who have been […]
