๐จ The โblowoutโ jobs report that just killed your rate cut? Misleading.
It was bartenders. ๐บ
70K hospitality hires for the World Cup -> 5x normal. Wall Street saw a hot economy. It was a soccer tournament.
Back out the one-off and thereโs NO blowout -> just trend. Yes, thereโs a soccer tournament sitting on top of a trend-line economy. ๐คฏ
Look under the hood. ๐งต
@HunterBiden@hpmcd1 I too used to turn to the pipe to keep from killing myself. Only thing that could pull me out was returning to deep relationship with and surrender to God.
Serious Question: The alcohol industry has lost $830 billion in the last 4 years, because Gen Z is not drinking. Why do you think they arenโt drinking?
โข 1 month later: All positive (average ~+4.5%)
โข 3 months later: All positive (average ~+9.6%)
โข 6 months later: All positive (average ~+18.1%)
Worth noting that each of these instances were coming off of a cycle low which we most certainly are not.
The S&P 500 is currently up more than 15% over the trailing 2-months (using monthly closing prices).
How many times have we seen a 2-month, 15%+, face ripper?
May-20
Apr-09
Feb-87
Nov-82
Feb-75
A chance at #6 into Friday's close & I dare you to look up how the index traded 6 months later each time. $spx
@Mr_Derivatives I really enjoy studying charts and looking for setups. I can honestly do it for hours. I also like the broader view of the market I feel like I'm getting from always paying attention to what's moving.