MY BEARISH THESIS
-This rally is led by fundamentally weak companies like CVNA, ROKU, AMC, and AFRM (companies with weak valuations) which has historically indicated that these types of rallies are temporary
-Six Month Treasury Bill yields rising to 5%, last seen in 2007
- The Feds Fund Rate (Feds target interest rate) rose higher after the recent CPI data which...
FB had a huge spike after earnings . However, when one looks at the chart, this spike and the optimism seem unwarranted.
FB is still well below its long-term trend that has been in play for years. The trend was irreparably damaged in October, and the probability that FB sees a new high in the short term seems almost impossible (what will drive it?) The chart...
