How a Phony-Baloney Rally Could Mutate into the Real Thing

I was skeptical that Friday’s phony-baloney short-squeeze would get very far, but the rally could quickly mutate into the real deal if leadership from stocks such as Boeing (see update below), AMZN and AAPL continues to gain momentum. Elsewhere on the page, I’ve detailed precisely what Boeing in particular must do to shift into high gear. It is a bellwether that we’ve tracked very closely, mainly because the stock is an excellent proxy for companies that sell real things, as opposed to digital widgets.