Keep your head on a swivel, folks………..unless you are fortunate enough to live in Maine.

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Keep your head on a swivel, folks………..unless you are fortunate enough to live in Maine.

You don’t know how lucky you are, boy……….

I read as much as I can, and I’m fairly familiar with regular contributors at the sites I visit. There’s one chap, Graham Summers, who has an outfit called Phoenix Capital Research. He has a well-earned reputation on Zerohedge for being apocalyptically bearish. He makes me look positively even-tempered in comparison. Most recently, however, there’s been a 180 degree change.

I’ve been waiting for the Powell Pivot for a long, long time. On Friday morning, it finally arrived.

Below is an index I don’t share too often, which is the Broker/Dealer Index. This is yet another pitch-perfect example of a pattern failure (the triangle) followed by a powerful retracement right back to the apex. I would anticipate a clean reversal on this when we hit Monday.
