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Bumping up against 5000 at 4995.

Just in time for November. 2 to 3 rate cuts pre-election and up it’ll go again.

You think they will actually do rate cuts this year?

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 think they will but later in the year. The job market is strong according to the data.

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.

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.

Three cuts this year is my guess. Second half.

Bear markets have been predicted for a long while now.

Hopefully we don’t get into Stagflation.

Kinda funny watching the “odds” in the mortgage
Market. Now they are saying May. Before it was March.

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.

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.

Buy the Rumor ..

Sell the First Cut ..

Remember what is the Reason for Cutting ..

eYe or Yee be in Davey Jones Locker..

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%.