Summary: Markets keep pushing lower with no clear evidence of any counterattack rally in the short term. However, it should not surprise any of us because valuations are high, stocks trade way overextended, and La Fed is working as hard as possible to induce the American Dream; A Recession.
If you think my opening is sarcastic, then go with that one. It is and it cannot be different.
Over the last eight weeks, I keep hearing this silly "Don't fight the Fed" but what about if it is time to get rid of La Fed? What if it is time to execute and "Fight La Fed" is on?
The more educated and prepared you are in financial markets, the less you need to listen to Jerome Powell or any clown working at The Federal Reserve. If you have NO skin in the game you no longer need to balance your policies.
I think sooner rather than later, someone will pick up the phone and make the call we have all been waiting for. Rest assured, someone's grandma will receive soon her Roth IRA or IRA statement and potentially die from a heart attack as she goes over her holdings and figures there is not much she can count on to retire and at that right moment Jerome's mandate will evaporate and the Fed will pivot.
Until then, let me share three videos recorded this week for our community.
Socialist nor Communist are something I enjoy near my existence, still what to do when it comes to financial markets. Sadly, the US Stock market cannot have such a bullish continuation without the Red Ribbon.
And maybe, just maybe it is time to "Fight the Fed."
In every bear market or bearish rotation, you can always find that stock doing the American stock thing, so it will go up no matter Jerome's narrative or not.
Yes, you can always short other stocks that seem to be waiting to receive the Memo; go lower.
It looks like I forgot, but no...
Not the first time I share this view, but still, I think we have another opportunity to revisit where we are and where we are heading next.
Now (meaning today) looks super red and makes you feel not sure about the markets, however, never forget every single disaster in the US Stock market ends the same way over and over again; with a new all-time high.
All you must do; is survive.
Never Forget
Someone Always Knows
