Waiting for the Market
Here is what has happened, overall Macro index remains extended but well below August 7 highs. Here is the table of Macro inputs as of 11:00 AM CDT
What is the point?
The S&P and Nasdaq are out of sync with the rollover that has been occurring. Even though the base for the rally over the past six months has been FED funny money, the fact is the crazy part of the past three months has been based around big leverage bets.
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