As stated last time, equities bounced in early May a couple days, as youngsters again unwisely bought the dip. Last week there was also a crypto meltdown. As I said since December, agreeing with legend Jeremy Grantham to sell short [buy TZA], I have never seen worse fundamental reasons for indices NOT to be holding above their bottom with these risks: high commodity prices [although oil dba/grains moderating temporarily], war, supply issues, inflation, and the Fed aggressively raising rates 0.50% and the 10 year yield at 2.84% and fally slightly. Corporate house rental market king TCN down more than last report. Is it time to sell the home?
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