Why wouldn't you? Fed's got your back. The growth stocks that got us here in the first place are actually relatively justified in their valuations.

What a week right? As someone who does this more than a hobby this was one of the most intense weeks i've had in a while trading the markets. We had a GDP print, the largest tech CEO's all on capitol hill getting grilled (to no avail), a jobless print that's still rising, consumer confidence that's nosediving, a Fed that will literally use "all tools available" and the godzilla's in this market actually beating expectations. This was fucking crazy. And we didn't really even go anywhere, until the last hour today.

Whipsaw #7 and 8 on deck. Today we obviously gapped up and we showed relative weakness as the bulls tried to protect key levels as the profit taking was stronger than the buying. Today, again, we were slaves to the big tech companies, especially AAPl being up over 10%. There is no correction unless they come with and they let us bleed for a while. Giving everyone the false signal on the daily and weekly that we were about to have printing a descending wedge that actually played out. And oh boy did it play out. Taking us from a bearish engulfing on the daily to a positive close. Rescue operation to the nth degree.

In general what this could have been was funds and money managers looking at the monthly, and other metrics that they have and deploying money because "Jpow's got their back". But, it was also very convenient after a week of struggle bus.

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Yeah I finally started to start slowly working into a short position this week with bond yields turning down and rising Yen, and it actually looked like it was playing out with many World indexes looking like they were crashing, but that EoD action today pretty much sealed my mind that we might not see any fall in the S&P and the Nasdaq will end up going Shanghai on us until something truly bad happens. It felt like fund managers just making a statement. Every American based fund that I’ve looked into is weighted at least 20% in FAANG, so it wouldn’t shock me if there’s some backdoor agreement on Wall St rn. We’re seeing major signs of Eurodollar shortages flashing through the financial markets again, though, so it’ll be interesting if(when) another liquidity crunch occurs if it’ll seep into the equity markets again, cuz that’ll really be when we will really see FAANGs strength tested
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