Latest Observation

Here’s an update of my ongoing notes concerning the “markets.” It’s also a great illustration as to why I no longer comment on them in any regular fashion. For trying to make a rationale argument as to why one should view all this as problematic against the backdrop of “Well, Mark. My 401K begs to differ!” Is a fool’s errand. Simple as that. To wit:

S&P 500™ as of ~10:30am ET

All I’ll say further is this…

It is what it is, till it ain’t.

ADDENDUM: Same chart, only where it ended the day. It speaks for itself. Again, to wit:

© 2026 Mark St. Cyr

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