Guavaxf3006
08-19

So was today another God-sent or the start of the meltdown some was calling for? 

What do you guys think? Shall we ear-mark today and all the comments and revisit next week? Possibly mid-week? 

Why mid-week? Because the was the time when stocks rallied to another record high after a brutal sell-off the week before.

QQQ Falls 1%: Warsh and Bessent Clash at Jackson Hole — Who Sets the Tone?
QQQ −1.00% Monday against the S&P 500's −0.28% — the drop was tech and semis weighting, not broad risk-off. Two macro weights: Jackson Hole, where the story is Warsh against Bessent, monetary stance versus debt issuance; and the fiscal-dominance question, with long-end rates and liquidity now doing the valuation work. Iran signalled a new round of U.S. pressure, adding oil risk. The nearer trigger: Nvidia after Wednesday's close, guidance amplified sector-wide. Trim ahead of both and hold only relative-strength platforms like Meta and Alphabet, or use the pullback to add QQQ?
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Comments

  • JanetFast
    08-19
    JanetFast
    This still looks more like a healthy shakeout than the start of a meltdown, and meltdown talk already feels a bit early. Mid-week does make sense though
  • fishhhh
    08-19
    fishhhh
    Mid-week is the real test for me. Wednesday CPI decides whether this bounce is a fakeout or an actual turn
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