I dont really need to say much about this.
And to put the strength of the US market into context this is the S&P500 monthly. However, there is always some idiot who thinks they know better than the market. Remember my view – the market is simply a voting machine, it votes on which narrative it thinks is the best.
The chart below is of a a short ETF on the S&P500 – if you go long this instrument then you believe that the market is going to fall. This instrument will fall in a rising market and rise in a falling market. The average daily volume is apparently over 1 million shares – it is a wonderful idiot magnet since only someone with a profound mental deficiency would look at a chart of the S&P500 over the past year and say to themselves….yep this is going down…..
