Monday Night Call Recording 7/8/2024
Markets still want to go higher – big week for news
Markets want to go higher, we will see how the week plays out. There is a ton of info, Chair Powell testifies on the hill in his twice annual banking testimony. Thursday is CPI which will be a crock but we care how the markets react
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.
2024-07-08 Monday Night Notes
We watch price levels, not sentiment
Be safe and healthy
Don’t be a prophet, make Profits
Bubba
