This week's highlights
- The macro bears are dominating the headlines, and short-term weakness heightens the angst amongst investors that they may just be right
- Paraphrasing the prescient words of one uber successful macro investor, "We recommend waiting until the market agrees with them before placing bearish bets."
- Above 4200, and we don't think the bears are right. Through our lens, we view recent weakness as normal activity in a bull market.
- The market is quite oversold right here, so the bottoming process should commence this week. Although. . .