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Back to the soft landing

In Subscribers only by Cam Hui -
The latest BoA Global Manager Survey is a dramatic illustration of market anxiety. In July, 18% of respondents believed that a U.S. recession was the biggest tail risk. That figure surged to 39% in the August survey, which was taken August 2–8 right at the height of the market panic.     During the market...

The bulls are gaining back control of the tape

In Subscribers only by Cam Hui -
Mid-week market update: I wrote on the weekend that investors should watch for signs of an O’Neill follow through day for bullish confirmation of the rebound.   A follow through day can occur as soon as day 4 (last Friday) of a rally. It’s defined as the index rising 1% or more on higher volume...