Charts are not the end all be all. February 22, 2020 should have taught everyone this simple edict. Accidents happen and although they may "Appear" in our Charts, there is something FAR MORE IMPORTANT and that is the underlying Fundamentals.
It is more than fair to suggest the Federal Reserve can and will provide unlimited support to the Equity Complex, Bonds, Real Estate, Money Markets as well as support Fiscal Malfeasance by our Government.
To a point...
Global Equities look terrible, there is an accident ahead, a large and insidious event that will arrive unannounced and undo what has been done at surreal expense.
It has been a long time - An extreme divergence between US Equities and Global Markets.
A large and important drop in Asia's Equities Markets implies a contagion is developing and with it a hyper selloff in global equities.
Divergences within our Equities Complex have NEVER been this extreme.
It is referred to as Capitulation, not by you or I - but by Global Central Banks under the direction of the BIS.
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