Been a while since I contributed. Before we go all bullish or bearish or pigish, or apeish, let's call these two charts to attention. First is bankruptcy filings which have already soared To GFC levels. The economy has fractured. It just takes time to be realised by the market. Typically a lag before it shows. Next, we have the S&P500. 7 of the top stocks in this basket are responsible for a 50% push. The rest of the 493 are nearly flat for the year. The Wall Street phrase goes - when the generals lead but the soldiers don't follow, beware.
The Fed has no choice but to hike more as energy prices are just too high. The only way to bring down prices is to hike till demand is starved off. Something will fracture. If not this quarter, perhaps the next.
The yield curve inversion has been spot on except for one false signal since 1955. And it has been deeply inverted for a very long period. Chances are, in my humble opinion, we will get a hard landing.
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yep , retailer shorties are a joke. This clueless don't know 401K keep adding money into market. The squeeze will be huge soon. TSLA and META for sure will lift SPY soom/ buy buy the BEAR TRAP
Seems like somebody keeps bidding against themself and driving the price up. Why wouldn't they spread out their purchases ?
It’s not bearish now, the market will give a direction soon!
Everyone just SLOW DOWN ... I'm still trying to find a pen.
So maybe i sell my put before market close wait tomorrow