Market Musings
The last three weeks have seen Trump's
vision for America's rebirth taking shape.
Many of his detractors are still reeling at
the magnitude of the wasteful spending that has had light shone on
it.
The lawfare attempts to deny Trump and his
DOGE allies to shrinking the budget deficits which have imperiled
the financial underpinning of the U.S. is interesting.
Perhaps, their ox is being gored.
Still the markets are at or near all-time
highs but remember that the dollar has depreciated.
A lot of the Biden economics data is being
revised lower ... perhaps, the real economy was less than
portrayed.
The STI (Simple Timing Indicator) which is the number of "A"
rated stocks in the IBD database rose above the red line
this week ... suggesting that the market is ignoring the economic
realities.
The real question is if the STI chart is
showing strength or weakness ... is it building a base to explode
higher or is it showing resistance before crashing..
Do not forget that about 22% of the stock markets value is held
by only 7 stocks ... danger ahead? And Apple is off 10%
since January 1st.
Remember -- "Only purchasing power counts!"
By any reasonable measure, this market is
dangerous.
Be careful ....
To review the 02/14/2025 FlowChart, click
here.
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