This market is still going sideways, but I'm seeing a few warning signs, signs that traders and investors are getting a bit more cautious - and I trust the prices I'm tracking for this more so than pundits and public opinion.
But the pundit class does have a role to play in this; they establish the "zeitgeist," the spirit of the times, or the mood of people participating in the markets.
A market's mood is much different than its narrative, or major driving force.
Tags:trading strategies
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