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Here’s an interesting little graphic from our friends over at Statista – – it shows a variety of countries and how their citizens vary in terms of renting or owning their residence. It looks like Russia does The American Dream way better than America does.
On the bigger picture here the overall position on SPX is bullish. There has been a solid break over the big resistance level at 4000, and SPX is currently on both monthly and weekly upper band rides. There is currently no negative divergence on either of the monthly or weekly charts, with the weekly RSI 5 sell signal that had fixed having failed.
SPX monthly chart:
OK, at long last, the trendline from the March 23rd bottom has broken. This is an important and unprecedented event.
Around the edges, this laughably overvalued stock market is beginning to fray. I offer to you below a large quantity of relatively new stocks which have pledged all manner of earth-changing and life-saving promises, and yet are just a series of empty suits. My weariness from uttering “lifetime highs” is alloyed by my observation of “lifetime lows” on such financial instruments at these, and I suspect that word pair will be employed for a long while to come with this dreck. Here are the unlucky thirteen:
