Will Meade
4,051 posts
Will Meade
@thechartdr
DISCLAIMER: This is not investment advice. I am not a financial advisor. All my posts and tweets are opinions only.
- Most people use the wrong moving averages. I use the 21 day MA, 63 day MA and 252 day MA. Why bc there are 21 trading days in a month, 63 in a quarter and 252 in a year. Not rocket science but I‘ve noticed stocks tend to bottom at these MA’s.
- Trump broke Powell! Powell was dovish, stocks blowing up
- So is Powell and the Fed just going to wait and see while mortgage rates go to 8% therefore wrecking the entire real estate industry which is almost 20% of GDP. Ive never seen a worse Fed in my lifetime.
- I’ve never in my lifetime seen a Fed so wrong on inflation
- If the Fed doesn’t cut rates in September, a 10%-15% correction is likeky coming. I just don’t know how the market continues to grind higher unless the Fed cuts rates in September.
- Two scenarios here: #1 market is selling off, anticipating Powell won’t commit to a Sept rate cut on Friday. #2 Friday will be a huge short squeeze as all the selling is coming from hedges on low volume this week.
- The Fed minutes show members are worried about asset valuations, yet the P/E for the Dow and S&P (around 25) is exactly the same as it was last year, one month before the Fed cut rates in 2024. 🤔
- My weekend thought: Buy the rate cut rumor, sell when the Fed actually cuts rates!
