YOLO = YOU ONLY LIVE ONCE

HODL = HOLD ON FOR DEAR LIFE

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Show Notes

Summary of the day

ALL of the ingredients are there for Santa. Get your cookies and Milk ready.

The Russell 2000 was up 5.4% today!!!

It took Santa 2 weeks to to do what took months in the summer.

Xmas is still over 1 month away, so a lot can still happen.

Before today there was a 15% chance The Fed would hike in December. Today, after the CPI the data shows no chance of a December rate hike.

The narrative sold today is inflation is dead and we are now waiting for rate cuts.

I don’t believe it will be that easy. New bull markets don’t start like a V.

Breadth

* 477 new highs

* 179 new lows

* 84% advancing 12% declining

* 36% below 50 day ma

* 56% below the 200 day ma

Stuck out

Yields and VIX stopped going down in the morning while markets rallied all day

Strong

EVERYTHING

GDX up 4.77% with USD rising and yields falling

Weak

Not much other than bearish positions and etfs. Insurance is free!

What to watch

Watch breadth

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 91 #YOLO (Nov 14) 15:17 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 91 #YOLO (Nov 14)