Last Week’s Trading Call

Last week’s trading call, unedited, typos and all, is now posted: Welcome to the Second Half!

Here’s the money quote:

However, given the ongoing decay in the fundamentals — the economy is
actually getting worse, not better — we would look at any bounce as
just that: An oversold counter-trend rally that should be sold into,
not chased upwards.

Not the greatest timed trade, but the overall sentiment is about right . . .


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