All is well in Trumptopia, where corporate profits are soaring, while the middle class gets crushed like a tin can. But the financial media say nothing because all they care about is the profit side of the ledger. So they overlook all manner of rampant fraud and malfeasance and their circus clown running amok. Until the greed bubble explodes and there’s no bailout. $9.4 trillion of uninsured deposits (> $250k) gets instantly vaporized.
https://t.co/BrWrGM8Fjv
Or, happily ever after.
February 19 receipt attached.
Called the $NASDAQ weekly chart correction before the crowd caught on.
• Sell signal confirmed early March
• Downside targets mapped out below
• Gap fill and retest of 200-week SMA are in play
Same discipline. Same process.
We have now entered the rampant buffoonery phase of this war. However, it appears that both sides are looking for an offramp without admitting as much. Trump has punted the Strait of Hormuz crisis to the rest of the world and Iran has said they will allow the rest of the world to pass through the Strait of Hormuz freely. That's about as much de-escalation as we are going to get.
Therefore, I want everyone to remember market conditions two weeks BEFORE this war broke out:
https://t.co/L1fg4tAchK
“FMS combined allocation to equities & commodities is net 76%...highest since Jan’22,”
Investors cite an “AI bubble” as the biggest tail risk at 25%, while 43% see private equity and private credit as the most likely source of a systemic credit event"
The BofA Bull & Bear Indicator rose to 9.5, triggering a
contrarian “sell signal.”
This war is now just a useful distraction.
Like the last one that's still going on.
When Circus Trump invades Iran and Jared Kushner is intalled as president, the first order of business will be teenage beauty pageants.
Bulls, you should get out now before there is no one left to blame except the dumbass in the mirror.
Circus Donny has now created the largest oil supply disruption in world history according to the IEA:
https://t.co/D9bk7JreK8
“The war in the Middle East is creating the largest supply disruption in the history of the global oil market,” the IEA said in its closely watched monthly report on Thursday."
Upstream production will take weeks, and in some cases even months, to return to pre-crisis levels, depending on the degree of field complexity and the availability of workers, equipment and resources in the region"
Where did the workers go? Big pussies don't like getting bombed as part of their job.
The largest oil disruption in world history will lead to the largest market crash in history. Two historical achievements with one war.
It was easy.
Multiple Hindenburg Omens have appeared during the first two weeks of February - both on the NYSE and the Nasdaq. Which indicates a bifurcated market - many new lows and many new highs at the same time.
So I combined the NYSE and Nasdaq H.O. signal going back ten years and mapped it against the leading momentum stocks. Using a 5 day moving average: