- The Fed has cut and added tons more QE – I think they pushed in all their chips
- People need stable leadership and a medical response more than QE
- Major indexes still have downside work to fully get the DeMark exhaustion signals I’d like to see for an all clear
- Stay cautious
- Credit spreads still could blow out a little more
- VIX is exhausting to the upside but one more new high would get us the Combo 13
- I’ll have another note out later
Spare Us The Cutter
