VRA Update: Extreme Overbought Meets J Powell. The Chart That Matters Most to the Fed Also Guarantees Much More QE.

VRA Update: Extreme Overbought Meets J Powell. The Chart That Matters Most to the Fed Also Guarantees Much More QE.

Good Friday morning all. Yesterdays 1800 point loss in the Dow is being met with +600 point gains in futures. I’ll be surprised if these gains hold. After a 48% 2-month move higher and then yesterdays -7% drop and the “hideous” internals (among the worst in history,

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