Attention: Ken - you fading this rally too?

[vanzandt]

The Fed have maintained a very hawkish stance. Last week Fed Williams came out and said Interest Rates may be raised higher than Inflation and kept high until 2024. Another Fed member also came out last week saying destroying Inflation is the number one goal even at the expense of Employment.

Soft landing is now less of a priority.

Yep. That's been the mantra for the last several months.
Christ... Cramer comes on CNBC every morning and every evening and screams:

"THE FED IS NOT GOING TO BE HAPPY UNTIL THE PRICE OF YOUR HOUSE CRASHES."

Think I missed that lol?
Is what it is.
We shall see.
I wouldn't get too bearish though.
I mean either way... don't go all in on a directional call with money you can't afford to lose.
-jmho

 

[frnw]

frnw, by CEFs I assume you mean closed end funds. Why focus on MEGI and BXSL? They seemed to be up today but nothing crazy. What do you mean by BDC?

Thanks!

Yes, exactly. Close-end funds. MEGI is 16% discount and the top sector is Utilities. Yesterday closed above 8 SMA and looks good. SPY looks excellent today to continue long.

BXSL is BDC(Business Development Companies) you can check in cefdata.com list of all BDC companies. They are almost the same as CEFs. Every single BDC has NAV but does research for it.

 

[formikatrading]

All depends on your time frame too because even in bear markets you can have multi-week, even multi-month rallies -- I want to still participate in those.

The Fed have maintained a very hawkish stance. Last week Fed Williams came out and said Interest Rates may be raised higher than Inflation and kept high until 2024. Another Fed member also came out last week saying destroying Inflation is the number one goal even at the expense of Employment.

Soft landing is now less of a priority.

 

[M.W.]

Because his entire repertoire of claims was hot air, worth nothing. He clearly knew nothing about financial markets, probably racked up losses months over months. No customer wants to pay such clown.

I dont think he has gone, he is just not an ET sponsor anymore.

 

[mason macgregorson]

The Girls in this Video would disagree with you

this is the Ken that they love:

 

[mason macgregorson]

Because his entire repertoire of claims was hot air, worth nothing. He clearly knew nothing about financial markets, probably racked up losses months over months. No customer wants to pay such clown.

Calhoun was so criticized for failing show live or any actual execution of trades, lack of a track record, wild performance claims he made that were absurd, etc and so on the walked out of ET and assured us repeatedly he was not ever coming back. Not as Calhoun sponsor or as his wicked twin Calhoun member

 

[M.W.]

Clearly paid actors. Are you seriously suggesting that the creepy way Ken referenced women at times is appealing to any woman, especially those who could be his grand daughter?

The Girls in this Video would disagree with you

 

[KCalhoun]

Nailed uvxy bounce and correct fade call.

 

[murray t turtle]

Mighty strong market today. Are you fading this one too? We've had a couple hard bounces now, is that not showing some kind of strong support line in your opinion?

Thanks!

%%
Continue to moniter the trends\ typical bear rally; SPY up for the week;
SDS up for the day.
Is OCT a bear killer ?? WE may know \\by the end of the month
VTWO \still going down, not in that one, but cute victory name

 

[vanzandt]

Is OCT a bear killer ?? WE may know \\by the end of the month

FDIC insured.