Saturday Morning Post (Sept 4th) by Luc De Vos

Dear Reader,

We transformed the adagio “Sell in May and go away” into a new one: “Sell in September and go away”.

It doesn’t rhyme as well as the old one, but it certainly makes a lot more sense given current economic conditions.

Let me elaborate a bit on this:

– the EU area has a 10 year high inflation rate of 3%

– Q2 showed a peak in earnings mainly due to inventory sell-offs

– there is a higher risk of FED tapering and publicly discussed now

– China’s PMI numbers indicate a slow-down in their economy (on top of the CCP crackdown).

I also did some personal research on option sentiment indicators and the most important one (Apple) shows quite bearish on short term future (next months) with anticipated recovery only in 2023.

The only “thing” we are waiting for is a catalyst to ignite the fire. 👽

Enjoy the read.



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