No you didn't, because you think this is a TA move. It's not. It's a fundamental move because of the lower inflation prints this morning. The rally cannot sustain itself unless Powell messages a more dovish tone next month.
The smart money says are are bottoming...
- Thread starter SoyUnGanador
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No you didn't, because you think this is a TA move. It's not. It's a fundamental move because of the lower inflation prints this morning. The rally cannot sustain itself unless Powell messages a more dovish tone next month.
I can always count on you for your staunch support, Overnight. Thank you so much!!!
He's probably made another genius move to enter massive drawdown again. Just ignore him.
Sure thing man, because I can guarantee you that in an alternate universe where the CPI print was hotter than expected, the market would be down a lot, and the message I responded to above does not exist on Alt-EliteTrader.
Bragging after the fact is never a good look when it comes to making calls.
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We are in a mid-term election year which is generally a bear market year. It's followed by a pre-election year which usually rallies starting from the last quarter of the mid-term election year. Then you got all the folks that buy in Nov and sell in May coming in.
History also shows that when inflation peaks out and starts to decline, the market rallies. Happened in the 50s, 74-75, and the early 80s. You can check on the St. Louis Fed site
History also shows that when inflation peaks out and starts to decline, the market rallies. Happened in the 50s, 74-75, and the early 80s. You can check on the St. Louis Fed site
Agreed, but there enough data points from the last few months to see a peak.
Top image is from the 80s. Bottom image is current year. I tried to show the market on the left image and the CPI on the right. (and this was before the recent annoucement of 7.7% yesterday)
I matched up the month of the market to the CPI
Like a said a single month report does not make a trend.Agreed, but there enough data points from the last few months to see a peak.
Top image is from the 80s. Bottom image is current year. I tried to show the market on the left image and the CPI on the right. (and this was before the recent annoucement of 7.7% yesterday)
I matched up the month of the market to the CPI