Holiday week finally over and made yet another new all-time-high close for the week. Non-farm payroll week bias once again another winner.
Next week will be the official start of the summer holiday season. Thin volume is expected and trading will become more erratic. Just like what I mentioned in last issue of my monthly newsletter, June would be a tough month to trade and I don’t expect the trading conditions will improve this month.
Here is a more balanced view of the forever weakening of market breadth. The outcome may not be as bearish as the perma bears think.
An interesting video discussing the money laundering activities related to the fentanyl crisis in US. Why this matters? I am not thinking of what the points stated in the video at all. Without these money floating back into US economy, I think US economy will collapse at once.
One important development that will impact the world significantly is Argentina’s “dollarisation” plan. Will it work? It can have serious implications going forward with unintended consequences affecting the whole world.
Back to tackle my backlog of projects.
Have a great weekend all!
