Technical Backdrop Bullish; PPG Chart Looks Positive

“Trade what you see, not what you think” was good advice passed on to me early in my career by a institutional portfolio manager with over 40-years experience managing global equities. I caught up with him recently and asked whether he would ever see markets as unusual as they are today, or given his tenure, have markets always seemed in turmoil?

His response? “Every period seems unique, and weird, inflation of 15% in the 70s, Japan/Taiwan bubbles in the 80s, technology and momo in the...

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