As our domestic markets go higher, global and emerging markets have already entered longer term downtrends. The four charts below are the exception to domestic indexes which are heavily influenced by just a handful of FAANG stocks. The first pillar of those bellwethers has, as you can see in the fourth chart, Facebook (FB), has already reversed course. People keep telling me I'm too bearish, but charts like these tell me I'm not. I expect that by the end of the year 4 out of 5 stocks we follow will have charts similar to these below. EEM BABA BIDU FB
