For six trading days – – that spans three calendar WEEKS – – the market has been positively stuck in a relatively teeny little range. On the one hand, there was the preposterous and ultimately pointless counter-trend rally which exploded into the Memorial Day weekend. On the other hand, there is the Himalayan Mountain Range of overhead supply holding prices back.
There’s a reason all the charts below, which are comprised of a wide variety of financial instruments from all over the globe, yet still all look the same. The reason is that, in a just and sane universe, every single one of them should get absolutely blown to hell this summer. It’s as simple as that.
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