Ralph Vince's Letter

Ralph Vince's Letter

Smooth Sailing

For the next three months at least

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Ralph Vince
Aug 30, 2025
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A quick interim report as a few things have changed, gotten healthier.

First, long-time readers know how important I regard Free Credit balances at brokerage accounts. The inversion of these (contrary to what common sense would tell us) is never late at major market tops or bottoms, and often early. These numbers continue to plummet (hence, their inverse…

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