1/A LOT of critically important charts in this week's #DirtyDozen.

I cover growing trend fragility, a monthly sell signal, discuss why this *isn't* a major top buy why we should expect a 1-2 month correction to begin w/in the next few weeks, plus more.

https://t.co/qd6Old7Ehi

2/ High euphoria = high trend fragility

-Record net 19% FMS investors raking greater risk

-FMS cash level at 3.9% triggering a 'sell signal'

-Global Risk-Love in 97th %-tile going back to 1987

-Asia/EM Risk-Love signaling "euphoria" for 1st time since 2015
3/ “Two-month flows into DM and EM equity funds the highest since [Oct 2000]. November alone saw the highest monthly inflow into global equity funds on record. Also over a three-month horizon, we’ve now seen the highest inflows into equity funds on record” via BofA $EEM
4/ Asia ex-Japan Risk-Love indicator’s Euphoria / Bearish Signal implies weak 6-month forward returns in Asia/EM.
5/ $IYT triggered a sell signal in Jan.

Dec's Doji (yellow) gave us a sell setup. Jan's Outside Bear Bar closed on its lows & gave us a sell signal. But, the strong bullish thrust of the preceding 8 bars means this pullback will likely be bought after a 1-2m pullback.
6/ But, investors who continue to try and call a top will once again be disappointed…

The economic backdrop is not one you want to fade. 92% BofA’s proprietary suite of growth indicators “are flagging a Bullish/Neutral signal, the highest level on record.”
7/ BofA writes “The last 3 decades have not witnessed this combination of animal spirits and a system flush with liquidity. All regions across the world are, at present, privy to surplus free liquidity — currently growing at 55% YoY in the US (highest on record since 1980.”
8/ While the long-term economic backdrop looks increasingly bullish, the short-term has been widely discounted and is at increased risk of a washout.

Bloomberg points out that money managers are more long commodities now than they have ever been in at least a decade.
9/ The rebounding economy and wall of liquidity plus declining COVID hospitalizations (largely driven by increasing vaccination numbers) here in the US definitely support the reflation narrative.
10/ However, the same cannot be said for the rest of the world. The WSJ quotes a recent UBS report, saying “At the current rates of vaccination, only about 10% of the world would be inoculated by the end of the year and 21% by the close of 2022.”
11/ The US’s greater capacity for fiscal combined w/ its inordinate access to vaccines, means it’s likely to outperform the RoW on the growth front. That superior relative growth performance could upset the extremely crowded short USD positioning via USD smile dynamics.
12/ While I remain a cyclical USD bear, I do believe there’s a decent probability we’re about to see a multi-month counter-trend move. USDSEK’s monthly chart looks ripe for a reversal.

https://t.co/VqTXZ78Zdr
fin/ $XBI has reversed its multi-year bout of relative underperformance versus $QQQ. Bios have some of the strongest long-term charts at the moment. Illumina (ILMN) is one of these names with a great tape. Last month, the stock broke out of a 2 ½ year consolidation range.

More from Society

The UN just voted to condemn Israel 9 times, and the rest of the world 0.

View the resolutions and voting results here:

The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.

Israel and the U.S. voted 'No'
https://t.co/HoO7oz0dwr


The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.

Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab


The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF


The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW

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Trending news of The Rock's daughter Simone Johnson's announcing her new Stage Name is breaking our Versus tool because "Wrestling Name" isn't in our database!

Here's the most useful #Factualist comparison pages #Thread 🧵


What is the difference between “pseudonym” and “stage name?”

Pseudonym means “a fictitious name (more literally, a false name), as those used by writers and movie stars,” while stage name is “the pseudonym of an entertainer.”

https://t.co/hT5XPkTepy #english #wiki #wikidiff

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Alias #versus Stage Name: What’s the difference?

Alias means “another name; an assumed name,” while stage name means “the pseudonym of an entertainer.”

https://t.co/Kf7uVKekMd #Etymology #words

Another common #question:

What is the difference between “alias” and “pseudonym?”

As nouns alias means “another name; an assumed name,” while pseudonym means “a fictitious name (more literally, a false name), as those used by writers and movie

Here is a very basic #comparison: "Name versus Stage Name"

As #nouns, the difference is that name means “any nounal word or phrase which indicates a particular person, place, class, or thing,” but stage name means “the pseudonym of an
Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

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Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

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We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

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तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

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अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

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