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Which Way Will Stocks Break?

MRKT Matrix

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Airbnb's Long Term Chart

The NASDAQ is consolidating above its highs from last spring or so. This is absolutely a healthy sign, but it's predicated on what are people willing to pay for dollars' worth of earnings in this environment? If you throw in some software as a service names, if those start to get off them, yeah, then you can make an argument that maybe we're through the worst of it.

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