It’s a Fight…

Market Fight is on. Our Multiplier Index (the animal spirits index) opened at 2.85 today after Trump said to be a buyer yesterday while market was closed. An hour later it is at 2.82, this is after being low at 2.80 on Wednesday and closing at 2.81 later that day.

History points to the fact that the little back-offs in this index tend to be good buying points when the bigger trends in the index are up, which they are at the moment.

One does have to keep in mind that Trump and Musk are rapidly losing their star power and there is a risk of an implosion here. I am monitoring the possibility of a 2.79 hit on the index which would mean a turn down towards the April low of 2.40, should be support at 2.61.