Patiently Waiting for it to Happen
The Crash, That IS
Our view is that we are seeing an elongated Cyclical top in the stock market. The reasons have been elaborated on at length since the January 2018 Fracture date.
Nothing fundamentally seems to make a difference.
But here is a chart of the China FXI ETF today that looks a bit scary. This is a chart of weekly data with a 40 week average line. (essentially a 200day). If there is no big rally in the next two days, we are seeing a weekly chart island of last weeks tariff HOPE data.
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