OK. The UK traders are awake. copper, crude oil, gold, eur, jpy, gbp showing no sign of trend reversal. European & US index futures - over the next 15 minutes or so, they will think about whether to go left or right / up or down . Think FASTER!
Trade the market as it is. Not how you think it should be. I see a lot of traders turned economists lately.
When it comes economics I only know a couple of three things. First, if the market continues higher, then that augers a Harris victory in November. Second, in the past, when the Fed cut rates due to easing inflation fears rather than job losses and negative GDP the market responded by going much higher over the next several years. Third, when in doubt, go long! I expect the market is going much higher and anyone looking for gloom and doom for the US economy will only find it is their account equity that is in a bear market.
Beautiful gap up. Seems rotation out of bonds into stocks as hedgies are making a $ load of money. Citi came out with a not expecting the FED to cut 75 more basis points until end of year. WOW!
I wouldn't know there was an ignore feature if not for you having mentioned it. I have 9 people on my ignore list. It doesn't take much for me to reach to add another. Nothing personal against any of them. I use it to protect my own mental health so as to allow me to continue reading and posting here. I won't waste mental energy getting into social media arguments. I won't allow my emotions to engage with an anonymous poster who is committed to negativity, insult, and public ego stroking. Most of the people participating in this journal are, as @Big AAPL said yesterday, transparent and have no ego. I am curious about what @vanzandt refers t as "super ignore."