Lots of people think this is a big top, . Some cite the rate cuts in 2001 and 2007, it's all about context, not even remotely the same.
I highly recommend CiovaccoCapital updates, I think you won't find this work much anywhere else.
Well this was interesting can't believe I watched the whole thing. Unfortunately in my view it has zero relevance for "todays" trading. First off there is almost zero chance were going to see a rate cut today. Secondly most of his charts market wise show it at or near lows. We're 1% from old highs. Thirdly, after the first two months of a cut the market was basically higher only 50% of the time. Yes in the long run I agree we could see the market much higher after those first two months but for "today" I think its a flip of coin if the market rallies or not now. After seeing this and after hearing just about everyone is bullish on here I'm going to think we may even see a sell off no matter what the Fed says. In the present situation I think its a good day to sit back and see where the dust settles and then come back tomorrow to trade or sell some way out of the money options on both sides lol!!
