Market Review: Going into the new year, every major equity index is in a downtrend. In particular, the S&P 500 remains entrenched in a bear market: Using an ultra-longterm 200 & 250 moving average crossover, the red histogram partitions the market into bullish and bearish super-cycles. From this vantage point, this is the most significant downtrend since 2008.
Danny,
Happy New Year. Lots of wisdom here - hope your bitcoin friend sees the light. Bear markets bring clarity. Have a good week.
Loved this edition. I look forward to it every week. Thank you.