This is the most anticipated recession ever, the word is 2nd quarter the white collar recession, supposedly it’s already priced in lol. People are losing their jobs quicker than ever in these earnings calls. We went from 2 openings for 1 person to now you’re just part of the fed process have a nice day F off. It’s a good thing if you’re reading this you are learning how to make money for yourself. Had to rant a little about this I am a union man and being laid off is never easy I hate that the workers of America have to pay the price for these idiots printing money those stimulus checks were a joke 1,200 bucks ain’t nothing for what people had to deal with, they talk about the checks we received are still in our bank account they are so out of touch it’s ridiculous. Now the tax refund shock is coming because we have to pay it back tax credits are gone what a mess they created. Anyway. So tomorrow PCE pump to 407 next week double top with December high and rally over that’s what I’m thinking. We are still in a bear market don’t get confused with the noise number 1 objective take profit and compound. As always trade what’s in front of you good luck
As always Thank You for your analysis. I look forward to reading it. I graduated college thinking we no longer needed unions. My first job was in a power plant and I realized how much we absolutely need unions.
JB7oh2
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@rae2468 we get a bad wrap until they need skilled man power that has the experience to build this country
jinwoohur92
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Well you’re hoping that people sell for a loss but there comes a point when everyone who panicked dumped and rest are just stubbornly holding on. People get to caught up on macro fundamentals when it’s all about where the money is going
JB7oh2
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@jinwoohur92, I don’t want anyone to sell for a loss all I’m saying is they are looking for a Q2 recession if you believe that then the October low for 10 minutes 348 was the bottom and we are good right and it is priced in. Since the market is future looking. According to JPM most of retail already sold their S&P holdings that was bought up in 2020 2021 they have more information then this electrician
whimsicalwitch444
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It was our $1200 checks from 2 years ago causing all this inflation, not the consistent, quarter after quarter of record corporate profits. Hurt the little guy, but let the rich continue to prosper. Why not hit them with profit caps?!
JB7oh2
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@whimsicalwitch444, because the lobbyist would be out of job, then how would the law makers get campaign contributions and moneys under the table. I agree 100% but things will never change I’m reading “A monetary and fiscal history of the United States 1961 to 2021” and wow is it boring but I’m finally getting to the 2000s and the increase of government greed is insane. Anyway I can go on forever about this good luck tomorrow
whimsicalwitch444
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@JB7oh2, you’re right. Nothing will ever change as long as we have the assumption that it will never change. We are the ants. They are the grasshoppers. If we ever figured out we outnumber them 1,000,000 to 1, we would win. That goes for corporate America. That goes for all the corrupt politicians. It goes for the United States Corporation. One day, our cognitive dissonance will melt away and we will take the democratic republic back.