- Five Thoughts
- Coronavirus will get worse but it's transitory and many stocks have been crushed already. A good shopping list
- The US 10 year yield under 1% is news. The sentiment is extreme and I'll fade that sentiment
- YTD breadth remains weak. Attribution studies show some high-quality names down huge. A good shopping list
- The Democrat establishment is breathing a sigh of relief but Biden is a gaffe-prone and that's a risk with 8 months to go ahead of the election
- The DeMark indicators nailed the Biden bounce and the Sanders top
- Airlines, Cruise lines, Casinos are oversold
- Could see the USD and Euro reverse current direction soon
- Getting close to selling the remaining Gold long position