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Hey team 

Just setting a few lines here and you can see the original S&P 500 support from May 2022 was the same level as the so-called Misinterpreted Dovish pivot which I am guilty of interpreting. 

And we are back to where we were before, which is an interesting level.It potentially could mean not much further to go unless the Fed go down the financial Armageddon path.  

I still stick to my thesis - 100 bps more max to go. Else they smash the economy. 

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Anonymous

https://youtu.be/dkncOaZh--M Not far from James' thesis, this summation... #choppiness or 18ish months for things to play out seems more realistic 🤔....

Anonymous

I'm 80% leaning toward much more down side correlating to the 2008 map which we have 91% correlation to currently. While we may have a slight bounce here on this support for the technicals to reset be very careful when that turns down. We may trade sideways while we wait to see if Powell pivots at the next meeting. The larger question is are we pushing into a restricted economy to bring down inflation or to destabilize China and Russia further at difficult times for their economies and produce a sort of survival of the fittest?