Holy s–t!
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Holy s–t!

We have studied every bull and bear market since the stone age. We have seen most everything. But we have never experienced the printing of trillions while rates stay at 0% forever. Leave no doubt about the firepower the Fed continues to have. Every time one thinks their firepower is diminished, it shows up again…and…

More yuck!
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More yuck!

Less is better! Markets remain under distribution. Rallies are sold off on an intraday basis. The NDX was really weak on Monday. Breakouts have been failing like the NY Knicks basketball team. Loads of external negative news from around the globe. A crash in energy prices is now being seen as more negative than positive…