All is Quit on the Market Front

Nothing alarming this morning.

Bullet Point Morning Update

• “History implies that for the current level of real rates the S&P 500 multiple is -2.5x overvalued.” JPMOrgan’s, Kolanovic has said.

• Libor surpasses 5% for the first time in >15 years.

• QQQ ETF Weekly Chart = Bearish

  

• TSLA Weekly Chart = Bearish

  

• NVDA Weekly Chart = Bullish

  

• Futures are flat. Be cautious. The economy hasn’t gotten better over the weekend.

  

  

Live Loud!