Burden Of Proof Is On Bulls – Chart of The Day.
Courtesy of Howard Lindzon
Good morning.
I’m headed out to ride with a pal of mine Mike Dean who chose a top 100 US Bike Climb in the country here in San Diego – Palomar Mountain.
Since I continue to get so many asks from people in my feeds about the ‘bear market’ and when is the right time to buy stocks, I will continue to share some charts and data about how bad this market really is.
Today, have a look at this data in chart form from Willie Delwiche:
Other than this year, only other time in the past quarter century that both stocks and bonds were down in back-to-back quarters was in 2008.
With echoes of financial crisis seen in price, breadth and liquidity, burden of proof is on the bulls: https://t.co/ECEtJYXgcQ pic.twitter.com/i29Z1goEsw
— Willie Delwiche, CMT, CFA (@WillieDelwiche) June 27, 2022
The banks are not in trouble – at least yet – so I do not see a financial crisis like 2008.
Every bear market is devious in its own way.
Image by Joaquin Aranoa from Pixabay
