| | At This Point, Good Data Could Be Atrocious for Markets
By Don Kaufman | Note: You can see for yourself how screwed-up this market is. Worse is coming. Here's how you can prepare…
There's an old (but usually true) cliche for times like we're in now: "Bad news is good news," meaning, terrible economic news is great for the markets, because it could lead to looser policy at the Fed. | Well, if that's true… you don't have to be Warren Buffett to figure out what good data could mean. | Look at the way markets behaved this week - starting with the SPX, the Mother of All Products. For the week's first two sessions, we got nothing. A test pattern. Completely stagnated. Low volume, zilch. | Wednesday, we got the FOMC minutes which, for the first time in a while, indicated a willingness to raise rates because inflation is still too damn high. This at a time when the market is still anticipating one cut (though the big boys like Goldman have said they expect no cuts in 2024). | These FOMC minutes were as hawkish as it gets, and the markets barely reacted to this at all, save for a quick dip and a rally back.
Like I've said, this screams "complacency" (or denial). Meanwhile, the VIX - the workin' Joe's volatility yardstick - below 12. PMI data this morning failed to jolt markets, too. | This probably isn't going to end well. | We're going to talk about what this all means - the big picture - and what to do about it right now. Watch… | | TheoTrade Daily Chatroom Schedule for Tuesday, May 28, 2024
The post-holiday chatroom schedule is TBD as of Friday's press time, but should look something like…
9:20 AM to 10:30 AM: Yours truly, Don Kaufman
10:30 AM to 11:30 AM: Professor Jeff Bierman
11:30 AM to 12:30 PM: Blake Young
12:30 PM to 1:15 PM: Gianni Di Poce
1:15 PM to 2:00 PM: Brandon Chapman
2:00 PM to 3:00 PM: Tony Rago
3:00 PM to 4:00 PM: Corey Rosenbloom | Gianni's Readers Just Booked a 30%-Plus Win
According to Gianni, he doesn't usually trade U.S. natural gas (for profit, anyway), but this one was too good to pass up. He closed out a trade in the UNG natural gas ETF for more than 30%... in less than a month. Any way you slice it, that blows the markets away. Keep your eyes on your inbox for an invite to Gianni's next presentation - should be mid-June if not sooner.
We'll talk again soon, | | Don Kaufman
Co-Founder, TheoTrade |
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