Bad breadth, flaccid flow, and bonds bid - what could possibly go wrong?
The negative divergences are mounting...
Breadth is not at all supportive...
h/t Brad Wishak of NewEdge
"Smart money" Flow is decidely the wrong way...
And bonds are well bid...
BTFWTF - it could only be a non-economic indiscriminate buyer of last
resort... the desperate to shrink their float and flatter EPS -
corporate buybacks.
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