(For Those That Want To Know… what I’m watching)

I have been arguing the point, that once the final earnings season (e.g., Q4) reporting was finished in earnest, the “markets” would then begin (and need) to position for a completely new reality. That “reality” being both from the body politic, as well as the actual political legislation being implemented and rescinded. (think: taxes, etc.) We may have reached that inflection point now that Walmart™ has reported earlier this week.

Below is an updated chart of the same one I’ve been using for a while now. It speaks for itself in relation to the what-and-why I’m so attuned. (i.e., it has once again fallen out of my self-derived expectation mean channel.)

The current machinations are up to today (Friday) ~1:00pm EST. To wit:

(Chart Source)

For those that may not remember – it was merely a few weeks ago when the “markets” last fell out at the beginning of earnings and broke below that “trip wire…” line which caused Fed. Chair Mr. Powell to get on the airwaves to, once again, assure the “markets” they were at the ready.

Now that earnings season is all but officially over, I would kindly remind Mr. Powell and others to not venture too far from the telephone.

As always, we shall see.

© 2021 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.