Clear Downtrend
Even thought we now had a pause in interest rate hikes, stopping after 17, my analysis of the market shows it to be in a clear downtrend. This weekend, I could only find 26 stocks with efficiencies above +10 and 2 with efficiencies above +15. Compare that with 91 stocks with efficiencies below minus 10. Lots of good short candidates.
The market pundits are now saying there is a 70% chance of a recession. And when the U.S. sneezes, the rest of the world seems to catch a cold.








