Seismic Shift

Keith Schneider | May 17, 2020

US Equity markets retreated this week down between -.7 to -5.5%, but found support at their 50 day moving averages, preventing what was looking like a meltdown in the making. One short term sentiment indicator hit oversold levels which helped to trigger the bounce. Overall, we have made no forward progress since early to mid-April and are compressing, setting up for a large move. Globally all stock indexes were down on the week, with Switzerland

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