If I was a bull (I’m not) and if I wanted to scare the bejesus out of the bears (I don’t), I would show them this chart:

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If I was a bull (I’m not) and if I wanted to scare the bejesus out of the bears (I don’t), I would show them this chart:
This bear market rallies are a misery, aren’t they? I’m staying on the sidelines still. I will note, however, we’re getting at least within the same ZIP code as some major resistance areas:
You’ll have to excuse me for an hour or so while I fetch my daughter and wife from the airport and their weeklong overseas trip. I think we can conclusively state that the Knight Travel magic ONLY works when I am personally traveling on a plane and does not extend to members of my family. Q.E.D.
As rough as equities have been in the year 2022, WalMart was at its highest point in human history only a few weeks ago. Things have taken a turn for the worst, particularly today (since inflation is killing their sales), and it’s lost almost 20% of its value in short order.