• The stock market was once again able to bounce back quickly from a decline, but the “internals” in yesterday’s bounce were not good at all.  Therefore, we still think the stock market is ripe for a material pullback…that begins some time very soon.
  • Bitcoin’s rally has been incredible in recent weeks.  It’s breakout to a new all-time high has been very impressive.  However, it’s also getting extremely overbought.  Therefore, even if it is headed a lot higher this year, the odds are very high that it will see some sort of meaningful decline soon…in order to work-off this overbought condition.
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