YOLO = YOU ONLY LIVE ONCE
HODL = HOLD ON FOR DEAR LIFE
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Show Notes
Summary of the day
ALL of the ingredients are there for Santa. Get your cookies and Milk ready.
The Russell 2000 was up 5.4% today!!!
It took Santa 2 weeks to to do what took months in the summer.
Xmas is still over 1 month away, so a lot can still happen.
Before today there was a 15% chance The Fed would hike in December. Today, after the CPI the data shows no chance of a December rate hike.
The narrative sold today is inflation is dead and we are now waiting for rate cuts.
I don’t believe it will be that easy. New bull markets don’t start like a V.
Breadth
* 477 new highs
* 179 new lows
* 84% advancing 12% declining
* 36% below 50 day ma
* 56% below the 200 day ma
Stuck out
Yields and VIX stopped going down in the morning while markets rallied all day
Strong
EVERYTHING
GDX up 4.77% with USD rising and yields falling
Weak
Not much other than bearish positions and etfs. Insurance is free!
What to watch
Watch breadth
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar
Financial Freedom is not free, but the pursuit is worth the treasure.
