Yo Pit Crazies, Stocks are trying to get to all time highs. Go on Fintwit and all the Dem Pundits say we are inches from a recession. All the Repub Pundits say we are inches from explosive growth. The truth is somewhere in the middle. Readers of this blog know I think the Republican leadership is throwing away a grand chance to reduce spending back to pre-COVID levels and break a 25 year trend. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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| Yo Pit Crazies, Stocks are trying to get to all time highs. Go on Fintwit and all the Dem Pundits say we are inches from a recession. All the Repub Pundits say we are inches from explosive growth. The truth is somewhere in the middle. Readers of this blog know I think the Republican leadership is throwing away a grand chance to reduce spending back to pre-COVID levels and break a 25 year trend.
30 day chart of TLT rally, traders are cool with rates Traders were hanging on this for a while but not so much anymore. Heck, even Cisco Inc (Ticker: CSCO) that I am running a 30% gain in for Flash 5 is making a 20 year high after the Dotcom crash. AI is the ship that will lift all boats and ultimately that is what makes stocks move higher. US Gov mostly just gets in the way with misguided policy it has to fix later. The best thing Uncle Sam can do is provide liquidity at reasonable rates to banks with huge balance sheets when things get sticky – again, mostly as a result of misguided government policy. That also explains the situation we are in. Click here to find out what it is. To Your Trading Success, |
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