In the last 20 years or 240 months, SPY only put in 4 consecutive months of being red or having negative returns.
November also is the 2nd highest return after April on any given year.
Statistically, SPY ends up a lot higher by year-end 2023. Bullish November and December coming. $SPDR S&P 500 ETF (SPY.US)$
November also is the 2nd highest return after April on any given year.
Statistically, SPY ends up a lot higher by year-end 2023. Bullish November and December coming. $SPDR S&P 500 ETF (SPY.US)$
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Leading indicators fall again, marking the 18th consecutive monthly decline.
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$
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$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ 🚀 Will NASDAQ Yearend Rally continue? Every year since 1971, avg gain of 14.7%. Best one was 54.5% in 1998! Hold till end of year, 94.2% chance of profit, avg gain of 11.1%. No losses in pre-election years like 2023! 💰
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This ratio hit levels comparable to the Dot Com bubble
We all know how it ended back then…
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$
We all know how it ended back then…
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$
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In prophetic tone, I declare: QQQ and SPY, within the span of twain days, shall embark upon a descent of no trifling measure, but a descent profound, to the extent of 3% or more.
$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
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This week, look out for the Personal Consumption Expenditure report coming out Thursday, and the August jobs report releasing Friday. Those two pieces of data will give a sign of whether the Fed will indeed continue raising rates, as Powell cautioned at Jackson Hole, or if inflation and the jobs market are cooling down enough for the central bank to keep rates unchanged. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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Inflation “remains too high,” Federal Reserve Chair Jerome Powell said at the Fed’s annual retreat in Jackson Hole. So is economic growth — at least for the economy to hit a 2% inflation reading, a target that Powell insisted the Fed will not budge on. Interest rates, therefore, might continue going up and remain restrictive for longer, Powell warned. $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
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Naw, there's a simple solution that'll solve everything! Just redefine CPI and change the standards of comparison to month to month instead of YoY.
Who cares about last year stuff, MoM is the real-time/closer comparison. More accurate!!! Problem solved CPI will never become a problem ever again as MoM is 0.1-0.5%. Just watch Jpow learns that CPI is 0.1-0.5% that means there's a severe lack of inflation and money printer needs to be turned on again! And remember F ur calls, F ur puts, God bless h...
Who cares about last year stuff, MoM is the real-time/closer comparison. More accurate!!! Problem solved CPI will never become a problem ever again as MoM is 0.1-0.5%. Just watch Jpow learns that CPI is 0.1-0.5% that means there's a severe lack of inflation and money printer needs to be turned on again! And remember F ur calls, F ur puts, God bless h...
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$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ Bulls you already know how to make money. You did it on the way up. Bought calls on every dip remember? Now it’s the opposite. You buy puts on every rally. Understood?