[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] Central Bankers succeeded, “Whatever it Takes,” in Creating a Paper Bubble. The most Logical Psychological Endgame is for an Equity Extreme. That potential has always been due after Mid July. The Great Sobriety Society has gone Global.
There are two discrete, unusual indicants for a High near Mid-July and a Low sometime after Mid-September.These “Profiles within a Profile” offer a unique Time Frame for a decline. If another episodic Global Withdrawal of Liquidity occurs, many positions may have to be Liquidated, in a hurry.
So, Risk is still @ Risk. U. S. Equities dodged some bullets in recent weeks. “Global Unrest and Rising Rates have apparently been discounted.”