No. of Recommendations: 6
From a market commentator & FA that I follow:
"We got the CPI number everyone wanted and not only did the S&P 500 (SPY), $529.78 closing market price, make a new all-time high yesterday, it blew right through the previous intraday high of $524.61 from March 28th."
...
"But how do you reconcile the fact that most Americans feel so downbeat about the economy and their future? Does that make any sense when the markets are at all-time highs?
Well, we know that inflation is impacting consumers ... "
...
"I continue to take a more cautionary outlook for the equity markets now and will continue to add to hedges on legs up while continuing to shift assets over to bonds and other fixed-income investments. "
Last night my timing signal was:
Potential recession, obey SMA sell signal.
Timing: IN stocks (+12.0% vs. SMA) (# 29 consecutive weeks) possibly in recession
