The Daily Market Catch
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The One Big Thing
Back on October 2nd I suggested to clients markets would run up into Oct. 31 – and target SPX $3060 and NYSE $13,333 – with lower prices starting in mid-November through the end of the year. I consider current price action around this level to be ‘cruising altitude’ before it gets a little bumpy again.
Smart Money is becoming less confident that stocks will rally in the weeks and months ahead, while Dumb Money is becoming more confident than they will. The spread between them is getting extreme, dropping below -40% for the first time in months. @sentimentrader
Budding is one word.
Bottoming is mine.
Top Reads / Videos
Absolutely recommended reading, because Credit leads Equities:
For more charts and links like these check out my twitter feed.
To Great Fishing!
CIO LaDuc Capital LLC
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