“We are at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know at some moment the black horsemen will come shattering through the terrace doors wreaking vengeance and scattering the survivors,” he continued. “Those who leave early are saved, but the ball is so splendid no one wants to leave while there is still time. So everybody keeps asking — what time is it? But none of the clocks have hands.” – George Goodman (aka Adam Smith), “The Money Game”

Remember that, as usual, data doesn’t matter until it does. Focus on how the market reacts to what will likely continue to be very sobering numbers as we navigate earnings until all the big tech names are done reporting. Chop-chop, it’s still a waiting game…

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