Every FED pivot point is met with a crash. Yes this time its different I don’t think we will have a 08 type but a 25% pullback from here will probably mark the bottom. As this time we started raising rates once the decline started to happen so the topping of the rates will be quick. I also believe inflation is here to stay that 2% they want is a pipe dream packed full of hopium there’s to much money out there, the global debt is 300 trillion US debt 30 trillion crazy money that will never be paid back. Its just very difficult for inflation to go down, 4.5 to 3.5 maybe. So let’s keep an eye on the 2 year whenever it starts to go down the fed starts to pause with increasing rates then hold for however long they need to reclaim credibility so they can be reappointed. As for now there’s a ton of bearish divergence, we are raising on low volume, rsi overbought, macd heading down, stochastic, so on and so on we might hit the 200 day ma and keep going up but it doesn’t mean the bottom is in. I’m just trying to keep this in the back of your mind when planning swings or longs if you want to buy now and hold for 2 to 5 years go for it but the bottom won’t come until Q1 or start of Q2 then the biggest short squeeze will kick in as the recession starts later in 23. Remember once the recession hits the market is heading back up. This white collar recession will be different from others, as construction growth will continue but tech as we are seeing will lose there jobs, Musk helped out Powell big time. Lots of things to keep an eye on as always trade what’s in front of you good luck
