My Work Suggests The Market Still Faces Several Risks

There was a bounce this week. As I've previously said, markets were getting tactically oversold, and I expected a tactical bounce after eight consecutive down weeks. Regardless of the positive price action today there are still plenty of signs that we are late in the cycle. Hence, you can probably set you watch by the high likelihood that there is a wave of downgrades from analysts coming on all things cyclical. This would win the day over bullish hopes and the market may have to deal with thes...

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