- This move by Russia and Saudi Arabia has caused chaos globally for all markets
- This is a cold war type of move inflicting a lot of damage without firing a missile
- Coronavirus in the US and Europe is 4-6 weeks behind China and it’s getting worse in the US with a government without a coherent strategy
- The Fed is likely to have a policy response but they are lacking ammo after cutting rates at all time highs
- Bond and equity sentiment are both at extremes. It can and might stay extended at extremes
- Downside DeMark Countdowns are starting to appear on S&P
- Please stay safe with your priority being to preserve capital. I have 50% in cash still
Cold War
