[newsletterchapter2 title=”GENERAL MARKET COMMENTS”]
Global Equity Markets have continued to exhibit generic strength as ratified by new Highs. This was not unexpected. Again, “rolling, diverging strength could continue for more of the Summer.”
But, Summer is moving right along and it will be followed by, Fall. If this weird Liquidity complacency can persist into August, an important, perhaps dramatic Vulnerability profile may manifest. Repeat: “This is a tricky market for traders. Don’t try for Big trades.” It is a Manipulated Market. That means that you can’t fight it!
Don’t Believe in any of it. We all have to wait for clarity and better trade set ups. Expect, “More expected Boring trade.” It was, has been, and is good advice. [Read more…]