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Show Notes

Summary of the day

3rd green day in a row!

Breadth still broken

My takeaways:

* The Fed is not thinking about thinking about cutting rates

* They view that we all are still making too much money and buying too many things

* Powell says it is likely that a slowdown will be needed to get inflation down

Historical performance assuming the The Fed has finished hiking already:

Hat tip LizAnnSonders

https://twitter.com/LizAnnSonders/status/1719829522734830018?t=EStm7dRJn-F7zJ4PyrAS0w&s=19

October tech layoffs up a lot, 2x from September.

Breadth

* 65 new highs

* 498 new lows

* 60% advancing 35% declining

* 81% below 50 day ma

* 75% below the 200 day ma

Stuck out

Yields closed at the lows 4.75

Indices closed at the highs

ES Levels to watch

AAPL

Strong

Housing related on low yields

All sectors green

Weak

Volatility

Yields

EXTR

CVNA

What to watch

AAPL earnings Thu after close

Friday Jobs numbers

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.

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Podcast EP 82 Insert Coin (Nov 1) 22:13 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 82 Insert Coin (Nov 1)