.... Yes... the data is cooked, but based on expectations even the cooked numbers are better than expected.....
The Trend, is that ..... Well.... the trend is that things are not as bad as we think, and that there is a larger possibility that this will be Long and Shallow... that is the uncrowded trade- that we will muddle ala.... Stagflation..... A muddling economy....
I'm just saying... this is what I'm watching for.... and maybe we will be stuck in the 12500-13500 range.
the real bear trade is a range bound one....
but all Great Bear markets usually start with a huge initial decline......
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