Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
After Labor Day, investors returned from the beach and deflated the summer rally. The August stock price levels failed to withstand one week of scrutiny. The market’s underlying vulnerabilities identified by the Rabid Capitalist have become its current weaknesses.
The late summer market with its lower trading volumes proved itself to not be dependable. The Russell rotation, the magnificent seven’s rally and the capital flows into speculative market segments have begun to melt under September’s scrutiny.
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