Nasdaq Hard Correction, Stimulus was Buy the Rumor Sell the Fact
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Besides fundamentals Econ Data not mattering anymore, Stimulus has been priced in for many months market has been on a tear for 9 straight months!
Also, political uncertainty and divide so no matter who on the 20th, the market corrects IMO. Tomorrow Yuuge event!
The only way the fed stops the dollar from free fall is to let the market correct then QE infinity continues, a large equity correction can easily take down all assets even hedges/safe havens like GOLD, Crypto and even bonds yields may spike temporarily until more ZIRP NIRP yield curve control. Margin calls will cause across-the-board sell-off as there is more Longs than ever before historically speaking and large gaps or air pockets will be filled.
Nasdaq is over-weighted in portfolios, Tesla is now in the S&P which is dangerous as its a mania bubble so are all the FANGS in the Nasdaq, Nasdaq TA wise has lost momentum on a TDI 9 sell signal, $600 checks already spent on Robinhood, massive Pol uncertainty, New coof strand and more lockdowns, everyone knows Q4 earnings will be weak. To keep this market rising, they need exponential QE infinity helicopter money 💵 drops, the party will start back up in spring again and we will see a rebound.
I could be wrong but I caught the last Black Swan in Feb-March
Follow me on YT MMGinvest
#Stocks #Gold #Silver #Bitcoin #Crypto #Trading #Investing #Economics
Besides fundamentals Econ Data not mattering anymore, Stimulus has been priced in for many months market has been on a tear for 9 straight months!
Also, political uncertainty and divide so no matter who on the 20th, the market corrects IMO. Tomorrow Yuuge event!
The only way the fed stops the dollar from free fall is to let the market correct then QE infinity continues, a large equity correction can easily take down all assets even hedges/safe havens like GOLD, Crypto and even bonds yields may spike temporarily until more ZIRP NIRP yield curve control. Margin calls will cause across-the-board sell-off as there is more Longs than ever before historically speaking and large gaps or air pockets will be filled.
Nasdaq is over-weighted in portfolios, Tesla is now in the S&P which is dangerous as its a mania bubble so are all the FANGS in the Nasdaq, Nasdaq TA wise has lost momentum on a TDI 9 sell signal, $600 checks already spent on Robinhood, massive Pol uncertainty, New coof strand and more lockdowns, everyone knows Q4 earnings will be weak. To keep this market rising, they need exponential QE infinity helicopter money 💵 drops, the party will start back up in spring again and we will see a rebound.
I could be wrong but I caught the last Black Swan in Feb-March
Follow me on YT MMGinvest
#Stocks #Gold #Silver #Bitcoin #Crypto #Trading #Investing #Economics