It was a very subdued start to the week, but the SPX still printed a new cycle high of 6021, and settling +5pts (0.1%) to 6005.
sp’weekly1b
Summary
SPX: regardless of the rest of this week, with a new cycle high, it has to be seen as a net bullish week. Weekly momentum continues to be increasingly positive, as all cooling waves are brief/minor. Upper bollinger is offering the low 6300s in July/August.
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Looking ahead
Tuesday will see NFIB optimism index
Earnings: $ASO $UNFI $DBI $SJM $CNM $GME $GTLD $PLAY $SFIX $PETS
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Final note
The Schiff !
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1hr 24mins. Maybe get a coffee first.
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*I’ve not watched.
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HIGHLY recommended.
I’ve called Paypal ‘toxic’ for some years, not least after they threatened clients (yours truly included) with ‘legal costs’ fees. Some millions had their accounts deleted for simply posting non-narrative opinion. More recently… there was the ‘Honey’ browser app, where Paypal would re-write cookies, stealing affiliate related income from Youtube creators. There are ongoing lawsuits about that issue.
Palantir is a similar… if greater problem. A corporate monster who might become powerful enough – with legal authority, to demand mandatory euthanasia for anyone that says something against the narrative.
THAT is the dystopian path the USA, and much of the world is currently on.
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More Armstrong.
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The deterioration in health since 1970 is incredible, for what is a psychologically and physically sick society. Being ‘reasonably’ healthy makes YOU a statistical minority.
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As yours truly and others have also said, big pharma’ does NOT want you healthy. They want you just sick enough to need their drugs, but not sick enough to die.
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By default, the digital age ended privacy.
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Geo-political chatter, with a focus on Ukraine/Russia.
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I’m no fan of the UK’s Guardian (a traditionally hard left newspaper), but they will occasionally publish something of merit. Its ironic that many on both sides have zero perspective, are utterly ignorant of recent history, and instead merely demand the other side to just ‘die’.
If you’re well read, you’ll be well aware of the push to demolish the Al-Aqsa mosque on the Temple Mount.
See > https://www.armstrongeconomics.com/world-news/war/rule-of-nine-armageddon-megiddo/
Most commentating on Israel/Gaza couldn’t place a pin on the map within 500 miles. I have to wonder what Ms. Thunberg knows about the history of the region.
In any case… it should be clear there will no peace, as few want it.
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… with just seven episodes remaining… not that I’m counting.
A life time ago… that was my job… legal drug dealer.
Goodnight from London