$SPY nothing bullish whatsoever going on right now. Anyone been looking at the hard data? Whether you choose to ignore it or not, the coronavirus is spreading very quickly in the US. Unemployment numbers are about to be quite a departure from record-low numbers reached only months ago. Oh, and how do you think earnings reports are gonna look? The virus isn’t slowing. People are still being laid off. School is closing for increasingly longer periods of time. The trend is very much down. How can the market simply ignore this? Sure, we have plenty of room to rebound. But why the hell would we do so now?
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