Many think there's no reason to worry about weak growth b/c stocks will get bailed out in the end.
That's not how cycles work. 25bps cuts don't matter. Neither does this long-end move.
Turning the economy requires big stimulus, and that's not coming without far more pain.
You don’t realize how weak the economy is right now.
If you have a job, hold onto it for dear life.
Because if you get fired, it’s going to take you years to find another one.
The higher the market pushes prior to the rate cut only magnifies the selloff after the cut. Rate cuts into a slowing economy with the market at ATH’s gets sold. In 2000-2002 all 13 cuts netted lower lows. Same for the 10 cuts in 2007-2008. The major portion of the rally happens…
All $SPY Sept losses erased & that of the last trading day in August as its march to a new ATH above $650 continues. $653-55 is top of the channel (likely destination) for a possible scalp pullback.
$ETHUSD Double top still potentially in play so am sus till we close above... would use Fuscia trend lines as stop depending on your timeframe... https://t.co/FrZpPiKxob
$SPY tagged $642.2 AH on the $GOOG news. So, what I’ll do tomorrow is nothing. This is why you never, never marry yourself to a thesis. I won’t trade until I see if $SPY closes above $642.5. If it does I’ll wait. $653-655 is the top of the channel & that could happen next too.💯
#Bitcoin just finished a new Momentum Indicator
The indicator tracks price momentum between one asset and a benchmark asset, factors in the rate and acceleration of imbalances, then normalizes it with volatility
The end result
🟥 Momentum Swings at 🔻 TOPS
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