To The Moon

Chinese ADRs dropped in premarket trading Friday as investors continue to fret over China’s economic outlook. Alibaba and NIO fell about 1%; JD.com and Baidu fell 1.6%; Li Auto fell 2.3%; XPeng fell 3.7%.

It is an unbearable lightness of being for the S&P 500 index. The broad-market measure of a basket o

Market breadth hasn’t been this poor since October 2018 and the start of a 20%-plus decline.Get ready for the most severe correction since the bull market began in March 2020.To be sure, predictions are a dime a dozen on Wall Street. But this one comes from Hayes Martin, president of investment advisory firmMarket Extremes. I was introduced to Martin’s work several years ago and since then I’ve found his predictions of market turning points to be impressive. . I devoted two columns to Martin’s f