The Hidden Ball Trick?

7th Inning Stretch: Did we just witness the old-school hidden ball trick in today's market activity? Just yesterday, we talked about the potential of a strong move downward as a correction from the overstretched equity market, yet today the market nearly recovered what it lost. Don't be fooled though, our technical analysis is still suggesting that and we are prepared. As mentioned in yesterday's post we're holding defensive positions and today we made another move by getting out of one our of few equity ETF positions. Just like in sports it's never good when the players become complacent, so don't get comfortable on the base paths and you better watch the ball at all times or you might end up faked out by the sneaky infielders. - The Closer (Tony)

1 view0 comments

Recent Posts

See All

Recent Volatility

Recent stock market volatility has, in large part, been driven by news of the Covid-19 Delta variant and its tendency to easily spread. The Delta variant has caused an uptick in Covid-19 cases and sub

Consumer Price Index Update

The Bureau of Labor Statistics keeps track of an inflationary indicator called the Consumer Price Index (CPI). The CPI tracks the prices of goods and services by sampling a large portion of consumer p

Central Bank Update

Welcome back to Economic Track with Zac. This segment focuses on updates by the Federal Reserve. During the pandemic, a main goal of the Federal Reserve was to stimulate demand for products and servic