Global Contraction Is Easing

We thought we were finished seeing 1000-point moves in the Dow 30.  Just when things were settling down, Fed Chairman Powell threw a hand grenade at investors last week, reminding markets that we are not out of the woods yet.  His sentiments were not actually...

The Massive Melt-Up Rally

Once again, investor sentiment proved to be a good contrary indicator.  At the depths of the market crash (late March), sentiment was overwhelmingly bearish.  Since then, the market has had an amazing run (see main section).  As people turned more positive on stocks,...

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