By Jeffrey Cohen, Investment Advisor Representative
US Advanced Computing Infrastructure, Inc.
We were up early today looking at the markets. Found a few key points to share.
Russia called a special session, EMERGENCY Session of their DUMA.
Black Swan Event would be a War declaration against NATO.
Bear Market Thesis:
Market Breadth is negative 19:1 fixed income
Equities 18.5:1 New Lows to New Highs.
NASDAQ COMPOSITE 100 in a bear flag, testing the lower end.
Overall CPI ‘shit the bed’ with evidence of inflation acceleration in June 2022.
Shelter is up, along with food, energy, cars and most everything else.
Don’t catch a falling knife today
FOMO is a cost effective strategy today. If the stock is cheap today, likely to be cheaper tomorrow or next week. 19:1 New Low - New High Ratio (both corporate fixed income and US listed equities)
COVID hospitalizations are up to almost 6k per day even though new cases are flat around 106k per day.
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