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Stay At Home And Reopening Baskets Update

by | Jun 28, 2021 | Daily Note | 0 comments

  • The Goldman Sachs "Stay at Home" and "Reopening" baskets are moving in opposite directions
  • And not in the direction you would expect since the adoption of vaccines are helping countries and cities reopen
  • The big question is will the COVID "Delta" variant cause another panic
  • I certainly hope not but we're seeing some countries ban flights from various countries
  • Equity bullish sentiment remains extreme at 85% and the number of DeMark exhaustion signals is increasing within the Nasdaq indexes
  • Take some long exposure off¬†
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