CNBC’s Gary Kaminsky alerts viewers to what he sees as a disturbing disconnect today between what strategists are saying and what they are doing. He warns this is similar to what he saw at previous market peaks like 2000 and 2007. Here is a direct link.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Although it is in my cable news bundle, I never watch CNBC. I really don’t understand why presumably, serious, intelligent people waste the time. Basically actors with a scripted performance inserted into the lineup at the appropriate time. CONSUMER News and Business Channel. That’s it isn’t it, “Consumer “news.
If we are not now near an interim bottom we must be very close. At the very least an extremely oversold bounce.
Great link, thank you Danielle.
I love people talking clear text.
David