Good…But Not Easy

Backtests, that is. Even since stocks the Phase One non-deal was announced, stocks have been in desperate need of a backtest of some of that resistance (now support) they leap-frogged.  But, it hasn’t been easy.

Now, there are sudden, gut-wrenching backtests.  And, there are slow, boring backtests. Though we’re almost certain to get one, the challenge is knowing when.  If we are going to get a gut-wrenching one, it’s time — last night’s ramp job notwithstanding.

Consumer sentiment is coming up at 10. Stay tuned…

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