First Look: 2021-04-16

“Just relent, it is a new paradigm, equities only go up,” says the crowd. No. Yes I have been thwarted trying to identifying a turn that last for more that a few hours but I will not relent. As I pointed out last night, the S&P 500 has the feel of a third, sort of a relentless drive. I’m going with we are near the end of wave iii of an ending diagonal i…