Interesting: Bullish Percent Transports

I was just going through my normal weekend work.  The last two times that “Bullish Percent” got to ZERO for the Transports (sector) were March 2, 2009 (one week before the financial crisis bottom), and Christmas Eve 2018 (the bottom).

It is hard to see how we turn here with all of the pessimism, but that’s usually when something comes around from thin air.  What could the catalysts be in coming weeks?  We don’t know, but here are some ideas:

  1. Gilead’s Remdesivir is proven effective in the Phase 3 test and rolled out for mass human use to treat COVID19.
  2. Russia comes back to the table with OPEC+ and they implement cuts.
  3. Fed Meeting March 18.
  4. Global Coordinated Fiscal Stimulus Package Announced.

While all four scenarios seem low probability – looking at the futures down 1000+ points – it is frequently at these points of acute pessimism that something changes in the near term.  Time will tell…

Click Here To Read How Bullish Percent is Calculated

Be in the know. 10 key reads for Sunday…

  1. Bonds Rally as Stocks Close Lower (Wall Street Journal)
  2. The US government has never had a better opportunity to truly reshape our economy (Business Insider)
  3. Wash Your Hands—but Beware the Electric Hand Dryer (Wired)
  4. The Koenigsegg Gemera is the world’s most wickedly weird hybrid (The Verge)
  5. Episode 977: Where’s The Vaccine? (NPR Planet Money)
  6. CRISPR Treatment Inserted Directly into the Body for the First Time (Scientific American)
  7. Did Passive Investing Fuel A Bubble In Tech Stocks? (Podcast) (Bloomberg Odd Lots)
  8. A simple guide to the vaccines and drugs that could fight coronavirus (Vox)
  9. ‘Unclean! Unclean!’: The Questionable History of Quarantines (Popular Machanics)
  10. Sam Zell Is Buying the Dips in Energy (Chief Investment Officer)

Be in the know. 10 key reads for Saturday…

  1. 11 Stocks and ETFs for a Post-Virus World (Barron’s)
  2. Volatility (ValueWalk)
  3. 12 Dividend Stocks to Buy Amid Turmoil in the Markets (Barron’s)
  4. Oil Plunges 8% as OPEC Can’t Find Agreement (Barron’s)
  5. How to Find a Bottom in Industrial Stocks Using Dividend Yields (Barron’s)
  6. Jack Welch Remembered by Businessweek’s Former Executive Editor (Bloomberg)
  7. These nine companies are working on coronavirus treatments or vaccines — here’s where things stand (MarketWatch)
  8. Using Models to Stay Calm in Charged Situations (Farnam Street)
  9. What Happens to Stocks After a Big Down Month? (A Wealth of Common Sense)
  10. Should I Sell My Stocks? (The Irrelevant Investor)