No Thanks, We're Good...

We're not touching the S&P 500, calling a bottom, or unleashing our money market accounts until we see this chart change...

Dear Fellow Expat:

I’d be foolish not to start my letter today by saying Happy 10th Anniversary to my wife.

We are heading to New York for the weekend, so I must be brief—get in the car, pack, remember where things are, etc.

As she will attest, I often forget where things are…

I have no idea where my keys are (she does), and I have no clue where I put that tax document (she does).

She has always “seen” what I’m missing…

There’s an answer before I even start the question with “Have you seen…”

She doesn’t need to remind me to check one crucial chart every time the market sells.

After a deep selloff, I know exactly where the “Buy signal” is in the markets.

Now you can too…

Lessons from March 2020

Since our S&P 500 signal went negative on February 21, the market has dropped more than 6%, and there appears to be little relief in sight. Since we warned about the FNGD crossing that 50-day moving average - it’s just been brutal.

Our readings on capital flows are pretty ugly.

• Just 4 S&P 500 stocks …