[A snippet]
The VAIDS data release – Berenson didn’t call it that, neither did Dr Marivic Villa – but when I see CD4 suppression alongside Covid vaccination in a Yale study suppressed by the journals, the shorthand I use is VAIDS. As for importance – in the post-Covid era, when a journal suppresses a paper, that says it is likely both true and threatening in some way to the establishment. I call this The Covid-Streisand Effect. Apparently the authors will publish this as a preprint. I predict it will have a large number of downloads, a larger-than-normal impact, and “the journals” will follow “the media” further downhill in the “confidence collapse in institutions” that we are living through.
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Risk Assets
Exciting Equities had a bit of a rough week, falling 120.24 (-1.99%) to 5930.85. Most of the damage happened on Wednesday. Friday saw a recovery in SPX (+1.09%) – along with the recovery in gold, silver, the miners, TLT, and JNK. The “confirmed bearish NR7” candle print was just mildly bearish, and SPX is now in a downtrend in daily/weekly timeframes, and the monthly uptrend is looking a bit fragile. Is this a turning point, or just another 3-week correction? Looking at the monthly trend – it is definitely weakening. Another week of decline and it will probably tip over.
The sector map was mostly bearish: tech and utilities led, while energy and miners did worst. All sectors fell, but the sector rotations were “mostly bearish”. That said, it wasn’t one of those picture-perfect bearish maps. Why did Tech lead (doing least-worst)? No idea, but it suggests things are not totally risk-off just yet.
VIX jumped 4.55 to 18.06; crash insurance just got more expensive.
This looks like moderate risk off to me. I’m judging this mostly by the VIX; a 4 point jump is moderately substantial.
| item | desc | % change | trend assessment |
|---|---|---|---|
| XLK.N | Tech | -1.31% | bullish |
| XLU.N | Utilities | -1.58% | bearish |
| XLF.N | Financials | -2.12% | bullish |
| XLV.N | Sickcare | -2.17% | bearish |
| XLP.N | Staples | -2.63% | bearish |
| XLI.N | Industrials | -2.70% | bullish |
| XLY.N | Discretionary | -2.87% | bearish |
| XLC.N | Big Tech | -3.04% | bearish |
| XLB.N | Materials | -4.27% | bearish |
| XLRE.N | REITs | -5.00% | bullish |
| GDX.N | Miners | -5.53% | neutral |
| XLE.N | Energy | -6.04% | bearish |
| sector assessment | bearish |
Crappy Debt (JNK) fell 1.09% – that’s a big decline for crappy debt. The damage happened on Wednesday and Thursday, with a bounce-back rally on Friday (+0.64%). In spite of Friday’s rally, JNK ended the week in a downtrend.
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by davefairtex 
