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SUMMARY: With our weekly CB3 CMT LIVE webcast on YouTube becoming the primary means with which we report economic developments to you, our newsletter will become bi-monthly (MAY-JUN & JUL–AUG) through the summer of 2020 After Labor Day, we will make a decision as to the newsletter frequency. We encourage you to join us Thursday nights at 7 pm Central on CB3 CMT LIVE featured on YouTube. As we head into June, the market has made a substantial recovery from the March 23rd low. What’s next?

The month of March will likely be recorded in history as one of the most dramatic months of market performance, with stocks collapsing into a bear market in roughly a month. March will be remembered as the month that ended the eleven-year bull market in the S&P 500 and NASDAQ. INCREDIBLY, the Dow entered a bear market on March 23rd and then reversed into a Bull Market (!!) just three days later on March 26th. That is a staggering, likely once-in-a-lifetime occurrence. So, the major indices are split Bull/Bear (!) And the COVID-19 Crisis continues. What’s next? Let’s take a look…

The month of February will likely be recorded in history as one of the most dramatic “jackknifed” months of market performance: stocks traded from new lifetime highs to correction status in six days. FEB will also likely be remembered as the month that introduced the greatest risk to the current eleven-year bull market. After closing at lifetime highs on FEB. 19th in the S&P 500 and NASDAQ, the market plunged more than 12% into “correction status.” You will notice that there is now a new, fourth topic area: Coronavirus. For the time being for my commentaries, it will be “CB3 on 4.” What’s next? Let’s take a look…