Weekly MOTR Report (WMR): “I’m just waiting for the market to agree with me.”

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. . .

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