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I assume almost all of you are well familiar with Apocalypse Now (I’ve watched it many times) as well as the best-known quotes and catch phrases, such as “Charlie Don’t Surf!” But there’s one throwaway line from this scene which I’m thinking about………….
The last major economic data point that will tumble in before the crooks at the FOMC hold their kabuki theatre meeting will be the Produce Price Index, which is forecast to be 1% for the month. (As we’ve noted in the hallowed halls of Slope, inflation is running at 20% presently, and is sure to rise). Let’s just say we wouldn’t be surprised to see this coming in scorching hot. The number is release (to us peons in the public, at least) one hour before Tuesday’s opening bell.
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(more…)Last year, I was dazzled at just how many right triangle patterns existed. These are all, virtually without exception, falling to pieces, and after hours on Monday one particularly horrific outcome is Coupa Software (symbol COUP). I have no position in it (unfortunately) but add this to the stack of well-known tech stocks that have lost more than 80% of their market cap!!
