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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