There's something wrong in this market. How can the 10 year bond & equities keep rising together? TLT up 80bps & NASDAQ up 70bps. One of them is wrong. My guess is NQ goes lower.
Did you just start following? Yeah this market is an algo mess and a V machine. They can pump it back to new ATH if the feel like. I remind you that no fundamental analysis will help in this market.
Amazing. 3 days later and Friday a memory at this point. And like I said, we won't see a red day close to that the rest of the month. You have to admit the V force is just too powerful; At any moment the thing just will V itself out of any mess. No strike 3 coming either. This bull market will never end, period.
You said this on Monday. This is more than follow through. This is a bottom and a blast off into the stratosphere. Nothing is coming to an end. This is going to new highs and fast. It's the same thing over and over. Sure you have random drops, but always V recoveries. I know I sound like a broken record, but did you see how the selling just got turned off on a dime today? How do you actually expect this to ever end when it clearly can't. They will never let the market have any sustained drop. Every single drop is guaranteed to have a rapid V from here on out and yes forever and ever.
Man, go back and see what happened yesterday and the day before. They all sold off at the open and then recovered on a dime. Quit making up stuff to fit your narrative.
Again, you said that back in April just before it sold off 10%. Then, yes, like a broken record, you said the same thing in July, only it was even worse than April because you were hollering "V" every single day as the market plunged more than 10%.
Ultimately, either TLT goes back down or the markets will be pressured lower because a higher & higher TLT means 10-yr rates going towards 3% which means a recession is coming. Employment is slowly collapsing towards a NFP print < 0. It could be there by the September 4th report.