Well, the time has come for U.S. corporate earnings to show us the way. We’ve mentioned a few times, both here on the blog and in various other media appearances, that the near-term future of the market is likely to be determined by how the upcoming U.S. earnings season goes. Well, now it is here and we’re about to find out. The Dollar (DXY) has been super strong for some time now and we’re finally going to see if U.S. domiciled companies are starting to ‘feel the heat’ and are seeing a reduction in earnings. Naturally we have our view, that yes, things are about to get sicey… but that doesn’t necessarily mean that our view is right. Regardless of whether our view going into the one earnings season to rule them all is right or not, we are certain that this is a very important one.

Well, clearly the idea of a Black Monday last week was misplaced. Even though we saw a weekend filled with fear, the market just shrugged it off and rallied hard on Monday and Tuesday. By the end of the week though, most markets were only slightly higher for the week. It seems that the bulls just can’t get up. The question is why?

We are excited to host another series of traders meet up events. It’s been a long lockdown, followed by what is turning out to be a pretty brutal bear market. We’re pretty sure most of us could use a drink 🍻 As is our DNA, this event is for traders, by traders. There will be