Macro Cycle Sell Signals are Never Easy

An important thing to keep in mind is that while the pattern around the late February sell signal was much the same as the current signal, in so many ways it was much different. The late February signal just triggered the first sell-off. The current signal is of a much bigger magnitude and will last much longer, 3 years probably, not 3 months. And we are only 12 days into the signal, the little signal in early March took 13 days before the breakaway.

More analysis updates later in the day.

And keep in mind today’s little play is really about the RNC Convention and manipulative posturing by the Treasury.