In spite of the recent mega-surge in equities, I’d like to point out that the 80,000 foot view of market strength isn’t looking quite so peachy. Below is the chart of the percentage of stocks above their 200-day moving averages.

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In spite of the recent mega-surge in equities, I’d like to point out that the 80,000 foot view of market strength isn’t looking quite so peachy. Below is the chart of the percentage of stocks above their 200-day moving averages.

If you’re a high earner, you’re doing GREAT!

Even though folks joke about Crox shoes, they have endured for decades. This chart, however, looks awfully vulnerable to a tumble.

All is well, right? Problems averted? Keep an eye on Japan. The narrative could change fast. Here’s the USD/JPY:

Here is a dazzling tour of some long-term European equity futures. Draw your own conclusions!
