Looks like ROC is still a –

A pullback in April should follow with a rebound expected for May 1 or May 2.

Two criteria are 1) GHA 0.80+ and 2) VIX < VIX 12dma

Wages are falling behind corporate profits. The economy is becoming more and more dependent on ‘wealth’ effect and thereby QE.

Wages are falling as % of overall spending.

Corporate Profits are record % of GDP…