Not Your Advisor
Not Your Advisor
Podcast EP 104 Santa is Here and it's Ryan Reynolds (Dec 13)
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Podcast EP 104 Santa is Here and it's Ryan Reynolds (Dec 13)

$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT

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Show Notes

Summary of the day

FOMC declaring victory on inflation is akin The Japanese Empire declaring they will fight until the end, right before the B-24 flew their two missions in WWII.

On Nov 5 Podcast #84 I noted the Fed basically pivoted. But now the public media and wall st are also declaring such.

The data the Fed is spewing at us is completely ficticious.

Stocks are melting up

But trouble is showing up with real inflation. USD and yields sold off hard. Oil, hard assets and crypto are now also spiking

Home builders and loan product sellers are exploding.

The household is about to get hit with another inflation bomb.

The things the fed doesnt count that take up more than 60% of our take home pay, are about to go higher in price while the USD falls.

Scary times

Here is a good summary of the FOMC news today. Joseph Wang runs Fedguy.com but used to be a trader on the Fed’s open market desk.

Breadth

  • 1,471 new highs

  • 243 new lows

  • 82% advancing 14% declining

  • 22% below 50 day ma

  • 36% below the 200 day ma

Stuck out

Santa Rally is here.

Inflationary items seemed to bounce.

  • Oil

  • Home builders

  • Gold and Silver

  • Crypto

  • USD weak

Strong

All risk assets

But curiously Tech didn’t lead

Weak

USD

ADBE - on light quidance

ANYTHING BEARISH

What to watch

OIL

VIX

GOLD

BONDS

Watch mag 7

Watch yields

Economic data

https://www.marketwatch.com/economy-politics/calendar 

Financial Freedom is not free, but the pursuit is worth the treasure.

Discussion about this podcast

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