Yes the low of the year has already been made Spy will do an easy 23% gain this year, maybe more and since it's election year it has to go up.....forget about the tiny 8% and 12% gain predictios..futures green tonight and tomorrow after cpi comes in absolutely perfect, expect gigantic gains of at least 2% across the board. S&p to 6000 by December. No pull backs, each tiny 0.08% drop is a significant buy......if the Spy gets below 4700 you need to take every conceivable penny you have and buy anything and everything. Any sector any stock. This rally for 2024 is going to be the most epic rally we have ever seen!
Futures looking fantastic!!! Just as I'm predicting....just before cpi Futures should be up between .5 and .75% once the cpi data comes out in 6 hrs Futures will be surging by 2%, after the announcement historical highs will be had and the magnificent 7 will see an average return tomorrow of 2 to3% on top of that expect the 10 yr to plummet and small caps to outperform, rallying more than 4% yes. 4% easily as the 10 yr drops back to monthly lows below 3.85!!!!!
Futures keep touching intraday highs Wallstreet can't wait for the cpi data as they ate buying well ahead of the numbers. I will repeat expect a 2% rally across the board, small caps will rally significantly to a jump of 4% by tomorrow's close!! 10 yr ro 3.90 tomorrow.
Each day we continue to see how strong and unstoppable this market truly is. Again I challenge the naysayers, how does it drop when it's always instantly a V?
It does seem like large cap tech cannot sustain any selling for too long a period. Dispersion in this market at least for value vs. growth seems to be that value requires better financial data & lower inflation whereas large cap tech is seen as a safety play. Safety used to mean the utilities & telecoms but I guess with junk bonds, CLOs & FRLs yielding 7-10% who needs T or VZ?
Every pullback/ dip just fuels this thing higher endlessly. It's laughable that QQQ was even sub 396 a week ago. I doubt it will fall below 400 again this year.
Did you make any money on it? If so, show your entries and exits on a broker statement. Otherwise, shut your piehole.
Yeah Ok. I don't need to show or prove anything to some random person on the internet. The market has done what I said it would do. No dip is sustainable and everything leads to a V rally. it's doing it again today. I don't care if you believe me or not. This is what is happening.