“With the strong snapback recently, the S&P 500 will begin next week at a new all time high. In 2017, breakouts to new highs like this frequently have seen upside follow through, which paints a positive picture for the final two weeks of the year.”
"The six sigma Black Swan melt-up rally will last forever, or until we get paid year-end bonus, whichever comes first"
In addition to record equity risk exposure, gamblers also have record oil risk exposure:
Assuming the bill passes in both the House and Senate, and assuming no "sell the news" reaction, BTFDers still have a few hurdles to cover this week.
These are the known risks, not to be confused with Twitter-induced implosion...
These are the known risks, not to be confused with Twitter-induced implosion...
Nasdaq momentum implosion risk:
Breadth and volume risk:
Europe risk
Emerging Market Risk
Junk bond risk
And of course carry trade risk...
"Don't worry, it's not 2008 all over again"
