source avatarJeff Maia | Business Cycle

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$SPX $SPY S&P 500 (CME) 1M: This is way too ugly, Mr. President. Let me repeat: Should we buy a bunker, Trump? How far are we going? $7,700 → $8,100 → $9,000? Honestly, it doesn’t even matter anymore. The risk-to-reward ratio is terrible at current pricing. P.S.: We corrected about 60% in 2008 (subprime), and yet people still think I’m crazy when I mention an 80% pullback from the S&P 500’s all-time highs. Well then, orange man, I’m curious to see your next move. Looks like you’re going to pull out all the stops, huh? I already feel the pain just looking at this monthly (1M) chart. What’s left for the middle class? Nothing. R.I.P. S&P 500. ☠️ $QQQ $NQ $NDX $IXIC $VOO $IWM

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