Well, that escalated quickly.
Source: Bloomberg
.but as the way wore on the squeeze faded, but still SLV (the silver ETF) was up almost 14% in the last 3 days - the biggest jump since early August.
In the latest outrage provoking example of police overreach and brutality to go viral, the Rochester Police Department in New York are under scrutiny after last Friday officers responded to a family disturbance call which ended up in the police pepper-spraying a deeply distraught 9-year old girl as they tried to detain her.
Amid a public outcry the department released two videos from body cameras. Especially driving public anger is the fact that the child was already handcuffed when an officer sprayed her with pepper-spray at close range. This occurred after an apparent struggle while the child was begging for her father to come, and as she was already in the backseat of the police car, but one female officer struggled to get her to put her feet into the vehicle.Â
A ‘Dumb-Money Confidence’ stock-market gauge is flashing a warning MarketWatch 2/1/2021
THE TELL
One popular timing measure of Wall Street optimism is flashing a warning sign, says SentimenTrader.
A gauge of the confidence of individual investors, colloquially referred to as “dumb money,” was breaching a level at 0.67 that SentimenTrader’s Jay Kaeppel deemed indicative of trouble for forward returns in the S&P 500 index
“For at the moment, one of our ‘bread-and-butter’ measures Dumb Money Confidence as I look at it, is flashing yellow,” the analysts wrote.
SentimenTrader says the measure of “dumb money confidence,” which attempts to show what good market timers are doing with their money versus “bad” market timers, has been flashing yellow since Jan. 7.