I would post charts, but I think we are now in the full narrative driven mania in the markets. \u00a0In a couple comments I talked about markets and commodities going down into September with a steep and quick correction. \u00a0With the dollar and bonds spiking up.<\/p>\n
with the latest cpi this morning, I believe we will rally into next weeks FOMC meeting. \u00a0 The meeting minutes will likely highlight their conviction to maintaining rates at a minimum. \u00a0 This will likely start the downtrend. \u00a0Followed by NVDIA reporting earnings on the 23rd of August. \u00a0 I believe this will be the start of a steep drop for a couple weeks.<\/p>\n
I believe this drop could be accelerated if NVDIA decides to give an early warning to the market that it didn\u2019t hit its double revenue target. \u00a0There is no way this happened, and this guidance has been what has driven this market since April\\May.<\/p>\n
Would love to hear counter arguments!<\/p>\n","protected":false},"excerpt":{"rendered":"
I would post charts, but I think we are now in the full narrative driven mania in the markets. \u00a0In a couple comments I talked about markets and commodities going down into September with a steep and quick correction. \u00a0With … Continue reading