A.M. Look 7/12/24

Bloomberg was full of articles about noted Bears throwing in the towel this A.M.

Unless you are technically correct you are fundamentally wrong, something those Wall Street economists have never understood.

The only thing that matters is price.

For over 5 decades I’ve seen the entire movie and the re-runs.

Those in the room knew to match up the target in Nasd with a short.

Russell is trading at its yearly high mainly because the street is in the midst one of those routs where all positions get rinsed.

FX yesterday was the same movie which only took 30 minutes to play out.
Now it’s decision time for the Yen crosses.

Was yesterday another one day wonder?

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