When the Selling Starts, Markets Could Get Wild

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The markets can be the ultimate bandwagon sometimes, and that’s got a tendency to be dangerous. It doesn’t take long for one big, definitive sell order… to be followed by tens of millions of others.

At the moment, it’s working the other way; the crowd is into just one or two stocks (which we’ve talked about extensively) and those are the glue holding the markets together. And this puppy needs a lot of glue. The S&P 500 has a market cap of around $43 trillion-with-a-T. Just five companies make up around 25% of that market cap. Let that sink in.

That glue starts to get worn out and…

We’ll talk about that, but there’s a lot more. Not to pile on great news, but I’m watching the oil and energy sectors – they’re catching a bid right now, and that is inflationary.

And of course we’ll look at how our expected move predictions did. Let’s go…

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