Good Thursday morning. Following yesterdays strong jobs data and solid open we had a mid-day shakeout that took the markets from 1% higher to 1% lower, in fairly short order…most all while I was out walking our Lab (Brady). I immediately checked a single quote on my phone; SMH (Semi ETF). When I saw that the semis were still higher by .70%, my concerns quickly faded away. When the semis are leading higher, the rest of the market eventually catches up. BTW, the semis finished up 2.5% on the day. The primary trend of the market remains “higher”. 

PSYOP of Negativity

We’ve covered this ongoing phenomenon often over the years…we covered it in “The Big Bribe” as well. There’s a long running PSYOP of Negativity in place and it’s designed to make sure Americans remain fearful about the economy/markets and their future…especially with Trump as president. When Biden was president we were given phony jobs data from the BLS….filled with lies, a ton of government employees and of course, unt...