My Work Suggests More Downside Ahead

The market is bouncing around. My work does not confirm that a “shocking rally” is imminent.  With being said, the equity market is tactically oversold, and a bounce could happen at any moment.  Importantly, my earnings revisions indicators do not support the likelihood of a powerful and sustainable bounce at this time.  Thus, I am still viewing rallies as opportunities to sell into, raise hedges, or short once they show signs of failing.  

I don’t like to be t...

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