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Stock market vs the economy:
Despite a very weak jobs report today, the S&P 500 just hit a new record high and is now up +35% since its April 2025 bottom.
Why did this happen?
Because the stock market can and will continue to rise despite many Americans feeling like we are in a recession.
The jobs report was weak enough to solidify rate cuts, but not weak enough to cause panic on Wall Street.
And, the market knows that rate cuts are coming into higher inflation.
Those who own assets will win as the macroeconomy enters a new era.
Those who don't own assets will be left behind as the wealth gap widens.
The stock market knows this.
Everyone asking if I’m taking profits. Mf do you not know what it’s like not being able to afford a fucking dishwasher. I ate with plastic forks for years.
So no im not fucking selling.
lil' rant re; quoted tweet, was applicable in 2023, is applicable now
the amount of people selling chop just to buy higher is astonishing
it's actually been like that since early 2023 - when in fact the +EV approach would be to simply do nothing and outperform [with a rotational caveat due to ever-changing metas/performers]
I'd rather be a buyer in a 90-95k zone, spend a week underwater, than chase at 110k+
I was a buyer at 20k, held through all the chops - look where we are now. meanwhile people sold 30k to rebuy 40k, sold 70k to rebuy 90k. ask yourself, who made more money while literally clicking less & doing less mental gymnastics?
have some balls, stop waiting for LTF confirmations in the middle of a bullrun. the bullrun itself is a confirmation
last confirmation that was ACTUALLY needed was January 2023 re-acceptance back above 18-19k
anything else after that only required patience & conviction - open the charts and see for yourself
sadly, by the time most of you adopt this optimistic & simplistic mindset, bullrun will be over and it will no longer work
confirmations are for extremes - not for the middle of a trend
"how do you know for sure the trend isn't over?"
I don't, that's what trading is. but I think anyone with a few years of crypto experience can tell we're going higher than 108k
so why the fuck are you selling? do you hate money? do you not have the conviction in the industry you log into every day?
how well the quoted post from summer 2023 has aged, from 20k to 100k entire crypto twitter sold and rebought 50 times, lost and regained conviction 50 times, while some of us simply remained exposed and rotated - unequivocally made A LOT more, % wise
oh, you're scared you might be wrong, lose some money and the trend is over? may I suggest craigslist, find your desired 9-5, you little bitch.
you want outsized gains, you need to take outsized risks, otherwise stay mediocre.
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GM
This is the day the market is truly back.
Volume will be here, the foundations for direction will be built and it's time to lock in after the Christmas break.
Prepare.