Table of Contents:
1) The likely end of “TACO Trump.”
2) Earnings continue to impress. If the growth in estimates can broaden out, it will be very bullish.
3) The cryptocurrencies are very close to see an important upside breakout.
4) An unbelievable rally in the chip stocks, but they’re getting very overbought near-term.
5) The most recent rally is an extremely narrow one.
6) Several different commodities are very close to important breakout moves.
7) What if long-term interest rates are determined by something other than growth?
8) What happens when the liquidity dries up?
9) Potpourri….New Fed Chairs usually face crises in their first year.
10) Summary of our current stance….Priced for perfection.
