6/16/2025
While the SPX made a new high only 2% of the stocks in that index have made a new high, the reason is the over weight of tech stocks.
Frankly there is not much else to say until this back and forth between bulls and bears is resolved.
In my post Friday I said we need more evidence the top is in, that analysis is unchanged.
Ditto for bonds though I do not see how the FED can lower rates with oil over $70.
And see previous posts on social mood, it is only getting worse.
Click here for a typical critical of the Trump parade.
And they are right he never served but wants the Army now to make him look good.
The bigger point is that social mood is fragmenting and falling apart.
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