In September’s In Focus, Julian returned to his Liquidity analysis and his framework for examining vulnerability in bubble stocks. He examined classic bubble patterns and highlighted Netflix as a candidate to short. This week he followed up with a Flash Update for Amazon. Meanwhile, Raoul re-examined his framework for assessing both USD and US bonds. He sees the current decline in the USD as a brief correction in a bullish trend but is hesitant to say the same about bonds as they are currently testing key levels on his “chart of truth”.