Housekeeping: Good Morning
Intro:
This week’s Hartnett is short on words, and long on some very good pictures. The second quarter is now on his radar for a big correction. The reason: Bullish sentiment is unnecessarily high with rate cuts no longer a lock at all.
Bulls will say a correction if it comes is healthy. Bears will say growth stocks are not growing signaling lack of needed breadth.
He also makes a point of noticing that Tech stocks, Commodities and the Dollar are all very strong this year. He calls it “weird” and has happened only 5 times in the past 60 years. 1 We looked for Gold patterns just in case.
Here is his Flow Show report broken out and in pdf form at bottom