my thesis is that spx will head lower to mid march low to consolidate, wasted 5 months with these nonsense, difficult to hit all time high this year. fed is not likely to cut rate until q4 but buy zn if the yield jumps above 4.8.
Thanks for the insight. I was actually wondering earlier what your thoughts were going forward based on your past posts. So you're expecting more of a double bottom around the March lows as opposed to a break to lower levels? And would that view stand if we go into recession? (If we aren't already in one...)
50/50 chance recession, if cheetos doesn’t make any more dramas on this front. there will not be more tariff talks/demands on china since we hit the wall last weekend. the big elephant in the room between two is taiwan, all hell breaks loose on that front, and they will cut it everything off. but otherwise it is really a 6t debt rollover problem this year.
4840 ish was the low on the es in April . What suprised me is we never had a circuit breaker day . In trying to wrap my head around going back to lows . Since we erased the whole yearly lose that seems like a tough tough task . You got to fight spinmaster at every turn .
For the final time, since I'm not liked in this thread and will take my posting back to the other threads, minus a random pop in here or there. Sure you can argue that, but it feels cheap for this to just hit ATH 5-6 weeks later. I mean that's pretty absurd. It went below that level for the smallest time and was met by the most aggressive V force ever. I bet it can't hit that price again. Bottom line we are back in a bull market like it never even happened. If it hit that price and was languishing there then yeah, but we made the most insane V ever so give me a break. Being banned? That's so silly. For what? Because I'm speaking the truth about the market. You might not like the V thing, but that's what happens time after time.