Republic Risk: Red

I apologize. I am in France where the internet is basically AOL in 1997.

SL: Republic Risk: Money’s Flowing Out

Equity Storm Watch Is RED on the S&P 500 and RED on the Russell 2000

Hi from France. This is a brutal market, but you wouldn’t know if based on the current status of affairs. ALL sectors are negative. Capital is flowing out. Volume is low. I know it doesn’t look this way, but this is a redux of 2021. There are 318 companies hitting new 52-week lows today. About 54% of stocks are under their 50-day moving average. My favorite stock of the year- Ardmore (ASC) has peeled back to $20.50. We are under pressure. So, when I said to hedge last week, I meant it.

Dear Fellow Expat: 

Garrett, you’re so good at calling the top of the market.