Monday Night Call Recording 5/6/2024

Dull Market Rally

Monday was nothing more than a dull market rally. The rate cut enthusiasts are back, thinking the FED will cut rates. There is no evidence that is going to happen. In court they would call it hearsay.

We don’t have the answers but there is certainly reason for concern. Inflation is hot, people are spending more than they are making and the FED is clueless.

This rally will eventually end with a thud, the gaps in stocks is reminiscent of the 90’s. Those who fought it then got carried out. We know it will end, but trying to figure out when is a fools game.

THE FREE MARKETS MUST TRADE FREE

As traders and investors, we have one thing to remember, follow the trend of the market. Be patient disciplined and leave your emotions out. The most important thing to remember is money management and self-control.

Monday Night Notes for 5/6/2024

We watch price levels, not sentiment
Be safe and healthy
Don’t be a prophet, make Profits

Bubba