Wednesday 19 February 2020

S&P 500 Index & The Black Swan

In the real world the good news of more Fed to overpower the bad news of the pandemic held water until the realization that an incessant wall of regulation earnings warnings along with a fearful prognosis of no stopping the spread of infection and re-infection have brought a momentary hiatus.   


Meanwhile in chartland we still see our black swan as it struggles with lack of oxygen at this altitude and makes a final honk before inevitably plunging back to ground zero where a less onerous environment for mere cygnus niger awaits complete with endless virginals for eternal company or until duty calls once more.

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