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Joined: Oct 2021
Posts: 10,860 Likes: 3
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,860 Likes: 3 |
Bumping up against 5000 at 4995.
Just in time for November. 2 to 3 rate cuts pre-election and up it’ll go again.
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Joined: Sep 2003
Posts: 23,501 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,501 Likes: 11 |
You think they will actually do rate cuts this year?
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Joined: Feb 2001
Posts: 4,043
Campfire Tracker
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Campfire Tracker
Joined: Feb 2001
Posts: 4,043 |
Bumping up against 5000 at 4995.
Just in time for November. 2 to 3 rate cuts pre-election and up it’ll go again. Do you remember a year or better back when I said that Elliott Wave analysis said 5000 was on the horizon? I caught hell from those that said the stock market would tank....Shoulda kept that thread. lol We traded through 5000 today and I now think that this move is very mature. Started scaling out of length today.....
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Joined: Oct 2021
Posts: 10,860 Likes: 3
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,860 Likes: 3 |
You think they will actually do rate cuts this year? I think they will but later in the year. The job market is strong according to the data.
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Joined: Oct 2021
Posts: 10,860 Likes: 3
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,860 Likes: 3 |
Bumping up against 5000 at 4995.
Just in time for November. 2 to 3 rate cuts pre-election and up it’ll go again. Do you remember a year or better back when I said that Elliott Wave analysis said 5000 was on the horizon? I caught hell from those that said the stock market would tank....Shoulda kept that thread. lol We traded through 5000 today and I now think that this move is very mature. Started scaling out of length today..... I don’t recall that. Prechter’s Elliot Wave is popular among some investors. Good earnings and falling interest rates should drive things upward if the wheels don’t come off of everything.
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Joined: Feb 2001
Posts: 4,043
Campfire Tracker
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Campfire Tracker
Joined: Feb 2001
Posts: 4,043 |
Elliott speak again.... If rates are cut it will be because the market is in the tank.
We are soon to be starting a decades long bear market. Again, Elliott analysis here. I pay no attention to the noise in the financial media.
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Joined: Feb 2010
Posts: 16,113 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,113 Likes: 2 |
You think they will actually do rate cuts this year? Three cuts this year is my guess. Second half.
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Joined: Oct 2021
Posts: 10,860 Likes: 3
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,860 Likes: 3 |
Bear markets have been predicted for a long while now.
Hopefully we don’t get into Stagflation.
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Joined: Sep 2003
Posts: 23,501 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,501 Likes: 11 |
You think they will actually do rate cuts this year? Three cuts this year is my guess. Second half. Kinda funny watching the “odds” in the mortgage Market. Now they are saying May. Before it was March.
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Joined: Oct 2021
Posts: 10,860 Likes: 3
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,860 Likes: 3 |
You think they will actually do rate cuts this year? Three cuts this year is my guess. Second half. The Dallas and Cleveland FED reps commented on a possible 2-3 cuts later this year. Gotta wonder how much of these statements are “controlled leaks “ of a sort.
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Joined: Feb 2001
Posts: 4,043
Campfire Tracker
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Campfire Tracker
Joined: Feb 2001
Posts: 4,043 |
Bear markets have been predicted for a long while now.
Hopefully we don’t get into Stagflation. Not by me. I've been long forever. It's an Elliott thing....
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Joined: Oct 2021
Posts: 10,860 Likes: 3
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,860 Likes: 3 |
Bear markets have been predicted for a long while now.
Hopefully we don’t get into Stagflation. Not by me. I've been long forever. It's an Elliott thing.... I understand. Still, it’s interesting to look at the history of the predictions.
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Joined: Feb 2008
Posts: 8,616
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,616 |
Buy the Rumor ..
Sell the First Cut ..
Remember what is the Reason for Cutting ..
eYe or Yee be in Davey Jones Locker..
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Joined: Jun 2006
Posts: 1,059
Campfire Regular
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Campfire Regular
Joined: Jun 2006
Posts: 1,059 |
But 10 of the 11 sectors are down with only tech holding it up. I can see tech being up since most of the biggies are laying off big percentages of their workforces. If just the biggest six were at the 200 day average the S&P would be down 5%.
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