E Market Briefing For Tuesday, Feb. 23

For nearly a year - since projecting a similarly-timed S&P shakeout, for a late January/early February time-frame, so many market influences 'evolved' shall we say. As we got into last January I escalated warnings to a 'crash alert', as I heard first hand from investors who had been to China, or had relatives there, and that information came partially from attendees at my Florida Money Show presentation (the last in-person event). I'm updating this for new members or a couple apparently frustrated the market hasn't collapse I guess, because I rightly advocated 'against' shorting for quite some time.

My point is when I hear chartists comparing this year with last year entirely do omit the backdrop of COVID-19. Though it lingers, the prospect of emergence may limit the downside of the next shakeout, to nothing like what we got last year.

 

 
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