I'm not going by TA just inner feelings and some knowledge of wave theory I think we could get a big spike down right now.- SP500 S&P 500 Index- Flat now should be down 90 5,954.24 -4.14 (-0.07%)2:44 PM 05/19/25 S&P Complete Indices | Realtime
I don't like to make public calls, but I think you're wrong. The market will linger here around this top average for the remainder of the day, it won't necessarily go down at this point substantially.
Dimon sees 'extraordinary amount of complacency' as markets rebound The JPMorgan Chase CEO said risks of higher inflation and stagflation are greater than people think. Stoney is right.
Watch-->MLTX MoonLake Immunotherapeutics $38.941.32 (+3.51%)2:50 PM 05/19/25 NASDAQ | $USD | Realtime I posted on this name this morning but I can't find my post- it may of went to another older thread by accident- sometimes if I am searching for a prior name I don't realize I've drifted into an old thread when I hit quote.// This name we have used before and got a upgrade today before release of trial results...
I was right.... The market in the last hour of today's market session didn't drop, but hovered and lingered around that top average....just as I predicted and anticipated
I'm not sold on anything Jamie Dimon says "Stoney if I don't get you with ma hands I get you with ma Feet" Investor. I suspect he uses the Media for in his purposes. In 2022 right before that strong July Rally, he was in the News proclaiming an Economic Hurricane was about to hit. Spooking the Market so JPM could scoop up cheap Stock I'm guessing.
Why would he say something to mislead us? That is not his style. Jamie is very smart and when he echoes my thoughts even more so! The economic hurricane you may remember was diverted by Biden and his stimulus. Now folks don't like that, it stoked inflation. You can't have it both ways.. Biden deserves both some of the blame for inflation as well as praise for keeping kept those heavy economic winds at bay.
What's funny is Jamie says this the day his team gets bulled up! JP Morgan today said look for new highs. Both sides of the bank are somewhat independent but i find it humorous. It's pretty pathetic these guys Morgan Stanley today as well. They don't get it. They still believe the lies. When they realize the truth it will be too late. You have no trade deals. The one Japan wants to copy S Korea that's not even signed. No deals. No deals/No deals. No beautiful deals. Negative factors related to positioning. "Our market strategy team has noted a slowdown in retail buying power, macro hedge fund short covering is basically complete, and overseas investors have not significantly bought into U.S. stocks. Overall, while the current positioning level is not a resistance to the stock market's upward movement, it may no longer provide significant support for continued increases." Another Wall Street financial giant, Morgan Stanley, stated that investors should buy any U.S. stocks that fell due to the downgrade of the U.S. government's credit rating last Friday, as the temporary truce in U.S.-China trade reduces the likelihood of a U.S. economic recession. Morgan Stanley noted that the downgrade by Moody's led to the 10-year U.S. Treasury yield rising above 4.5%, increasing the likelihood of a market pullback; however, the team led by senior strategist Michael Wilson wrote in a report: "When the stock market pulls back, we will choose a buy-the-dip strategy." The Morgan Stanley strategy team led by Wilson warned in March that the volatility of the U.S. stock market would continue into the second half of this year. However, this strategist is now one of the few Wall Street voices optimistic about U.S. stocks rather than international markets. Mike has totally fallen from grace. He should retire.