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Read our Most Recent Newsletter Published in December!


It’s a Bubble!
Maximum Consensus = Maximum Risk

Wall Street is overflowing with exuberance, but don’t let that fool you…

  • The Dow just experienced its longest losing streak in 50 years.
  • Downside leadership is rapidly increasing, and our time-tested Negative Leadership Composite will trigger bearish “Distribution” today, a historically significant warning flag.
  • The S&P 500 experienced its biggest loss on an FOMC meeting day ever.

Inside this issue:

  • The “Big 4” technical indicators to watch going into 2025.
  • What are the striking characteristics of a bubble?
  • Evidence of a “soft landing” AND warning flags that keep us up at night.

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