Advertisement
The perfect bubble is here, says the Market Ear. With systematics now fully engaged, it is hard to argue with.
100% too perfect
Ring the bell. This is as good as it gets. Years ago we had the “Bündchen Bottom” in the dollar. Now the market just gave us the Sydney Sweeney squeeze Top – every indicator is 100% – too perfect. The Sweeney Squeeze is over — sell now, come back sometime in September.
Advertisement
Source: LSEG Workspace
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.