Lions and friends, we nailed it! 50BP.
Right after the decision stocks fell with the MMRI moving slightly higher also immediately after.
It looks to me like the time is right to start buying dips in the market moving forward.
Why? Because earnings expectations for next year are VERY LOW… knowing this, anything better than horrible will push stocks higher moving forward.
I will talk more about all this later on.
GM
You are greatly Appreciated. You always come through for your 🦁
Wow. I disagree. We're not near the bottom yet. Historically, recession bottoms come AFTER fed begins cutting rates. Not slowing increases but actually cutting rates. We are 3 months from that at least. Another point, Fed Funds rate has to be ABOVE rate of inflation to control it. We are still a ways away from that. Again, pointing more to 3 - 6 months down road for a bottom. Add into that major crypto contagion and there is WAY more downside still at this point.