5/4/2026
the DOW openned down this morning and closed lower. The NDXand SPX were up but also closed down today. Above all major equity index closed lower. The DOW made its high February 10. That was teh pattern at the March 2000 high when the NDX and SPX topped that March 2.5 months after the DOW.
Transports Lead Any Move
Notice a 4.82% decline just today, and that after near continuous decline for near two weeks.
SOX Has yet to Reverse
the pattern of SOX parallels that of TRAN above.
The GP of Hungary is $482 billion. Poland is $2.1 Trillion. Mexico is $3.5 Trillion. Canada is $2.9 Trillion.
Now consider the market cap of
NVDA 4.9 T
Alphabet Google, about to pass NVDA 4.9T
Apple 4.1T
Meta 1.5 T
MSFT 3 T
Does that make any sense, that these companies are worth more than the four countries cited above?
Think about it, Meta is a giant scrapbook company, sure it sells lots of ads but really.
Another key indicator will be the junk bond market, which looks very toppy.
UPS dropped 10% today. FED Ex down 9%. Ryder down 6%. C H Robinson down 9%.
the thirty year bond yield has risen to 5.02%, the previosu high is 5.179% OCt 23, 2023. No matter who Donald appoints to the FED rates are rising.
Crude oil rose to 106.42, up $5. A thirty dollar buy of 87 octane today only got me eight gallons. Donald is in serious trouble for the mid-terms. His tariffs slow markets world wide.
UK Exports to US drop 25%, now wodner King Charles was here.
We are close to my patience waiting for a top to be rewarded.
No comments:
Post a Comment