Economic Old Age, Part 5: 40% Unemployment Ain’t Awesome

The chart below reflects the boys and girls and robo-traders of Wall Street enjoying their last game of chart-point Ping-Pong. As is evident, the squeeze is on, and we don’t think this particular triangle “resolves” with another breakout into the financial stratosphere. When the market peaked at 2873 on the S&P 500 back on January 26, there […]
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