Monday, 30 March 2020

Peter Schiff has the high ground

US equity indexes closed very significantly higher, sp +85pts (3.3%) at 2626. Nasdaq comp' +3.6%. Dow +3.2%. The Transports settled +1.2%. Near term outlook offers a turnaround Tuesday, into the March/Q1 settlement.




US equities opened choppy, leaning on the upward side, but the gains were shaky, with a few indexes briefly turning red, and then resuming upward.

Social distancing between the Faber and Cramer

The afternoon saw considerable chop, but leaning upward to print sp'2631 in the closing hour. Volatility remains extremely high, with the VIX settling -12.9% at 57.08.

As for the Corona, much of everything I expected is coming to pass. Here in the UK, the lockdown is now expected to continue into May... if not June. There is even talk of 'social distancing measures' to extend into 2021.

For now, I'll merely suggest you listen to the following from Denniger. Its the best 13mins and 45 seconds of audio so far this year.

Whilst you might not like what he has to say, he is merely stating the facts.

Peter Schiff has the high ground

Of the many Star Wars memes, 'Peter Schiff has the high ground' came to mind.

I guess you could also say... he was the chosen one.

ps. Its safe to assume Youtube (via Comcast or Sony) will pull this video sooner, rather than later. Download a copy!

Sunset in the city of Corona

Full moon will be April 7th
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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