Lions and friends.
As most of you know, I have been buying a large amount of shares of JEPI for many months, and I have added to that position aggressively as of late.
Here are my thoughts.
First, the MMRI is stable. Still in a high risk zone, but stable.
The 10 year yield is also stable.
We also know that central banks are scaling back on their aggressive stance of raising rates.
We also know that earnings projections are VERY LOW moving into next year. So, if earnings come in anything better than current projections, stocks should rise 1st quarter of 2023.
To me it looks like a decent set up for stocks moving forward.
This is just my opinion.
GM
CAVIAT EMPTOR. Please factor in: People dying by the tens of thousands by the day from the death shots, massive credit bubble taking on water due to rising rates -- it is a flat out credit crisis, pension funds investing in credit products are losing their shirts, World War 3 heating up in Ukraine/EU. Why in the world would anyone buy here? to cover a short? for limited upside? WEF plans more lockdowns, more poisons to be released upon the public, etc..... Go ahead and buy, I have shares to sell you.
A Black Swan Event is around the corner, Greg. Central Banks around the world are warning of reducing their balance sheet, which means one thing...their reverse repo rate will keep accelerating, creating more illiquidity. The yield curve inversion is another clear indication that a Black Swan Event is coming...it is basically signaling that the FED is preparing to vastly expand their balance sheet soon from another major crisis. The signal is identical to late 2019, before the pandemic, because the central banks already had excessive debt and needed a reason to use it. It was the "calm before the storm"...and the same thing is happening now.