Another very funny thing: Armstrong keeps on saying how foreigners are endlessly binch buying US equities, and that keeps the Dow up. Why the hell do the numbers say something totally different?? 
Someone please explain Armstrong's "logic"...
Quote
However, for yet another month, the real action was away from the bond market, and in US stocks, where TIC data showed that foreigners sold US stocks for a record 11th consecutive month and 13 of the past 14:
The aggregate $207 billion sale in the past 12 months, is the largest liquidation of US equities by foreigners on record.
https://www.zerohedge.com/news/2019-05-15/foreigners-dump-record-265-billion-us-stocks-past-year
The aggregate $207 billion sale in the past 12 months, is the largest liquidation of US equities by foreigners on record.
https://www.zerohedge.com/news/2019-05-15/foreigners-dump-record-265-billion-us-stocks-past-year
Someone please explain Armstrong's "logic"...
StrikeEagle knows why, being Armstrong. I'd also like to know what method he uses to track global capital flows; last I read on the site, it was a third party provider. Armstrong's model requires accurate and reliable data, and if he does not have that, the whole thing is put to question. A single thing goes wrong and, like a complex ecosystem, everything else is affected.
https://i.imgur.com/UYY7rXj.png Shorted the BA high today. Similar setup to last time's Dow short setup.
Also, didn't Armstrong call for a real estate high some time ago? But IYR has been making new highs practically every month this year...