Monday Night Call Recording 4/29/2024

Quiet mixed markets ahead of FOMC and Jobs

Markets were mixed on Monday as we wait for the FOMC on Wednesday and Jobs Friday. Chair Powell finally said there could be a rate hike because they can’t control inflation.

What no one is talking about is the data and interest rates which are exploding higher. How will the market react to the rally that was built on the hope of rate cuts when they don’t come.

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.


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 4/29/2024

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