Market Update

I see a lot of people posting charts of $25K and below. I personally don’t think we revisit that area for a very long time. With Blackrock and all of the rest of the big boys playing this game, I think they have been accumulating for a while now. I think they felt that the right time is NOW to let the world know what their plans are with the ETF announcements. This is at a time when most are on the sidelines still waiting for lower lows or at least the low $20K’s. Ive been on record saying that this would be not only the most hated bull market ever but also the loneliest one as well. 

The US stock market is also an an absolute tear and there is no stopping that either with the amount of currency printing that is going on right now and with the Fed pausing rate hikes. Yes, they paused and if history repeats itself, they will stay paused. Why am I so confident in that? Well, just 2 days ago Fed’s Daly said “Two more rate hikes is only a PROJECTION and we don’t know for sure.”

Also Fed’s Bostic said, “I favor NO MORE RATE HIKES for the rest of the year.”

So as most people are fading this rally, I am NOT. In fact I view each pullback a gift. 

Chat soon