• Can economic growth increase and thus keep consumer confidence remain high…if bank lending wanes to the degree that private equity and venture capital investing has already done (which is quite likely)?
  • The SMH semiconductor ETF has formed a “head & shoulders” pattern.  If it breaks below the “neck-line” of that pattern (after already becoming overbought and experiencing a negative MACD cross), it’s going to be negative on a technical basis.
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