The #MysteryBroker for months has said inflation will be more stubborn than transitory, Treasury yields will rise, value/cyclical stocks will gain relative favor and S&P 500 will be hampered by growth-stock concentration/elevated valuation. He checks in to reiterate this stance.

But #MysteryBroker is upbeat on the economy, a reacceleration underway, companies adjusting, supply-chain stresses peaked. Another reason he sees yields higher. Says Fed using wrong playbook given inflation (energy + wages) and we're closer to full employment than Fed believes.

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#33 dTraderB

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17,167 posts

Posted 11 October 2021 - 04:12 PM

Overheating, inflation, FED overplayed its hand and cannot sustain pumping trillions ...

recipe for a deeper pullback, sharp one, to below SPX 4K

Then, bulls roar back to new ATH by end of 2021 or early January 2022.

....UNLESS there is a WINTER COVID SURGE

Helene Meisler Retweeted

Phil Timyan

@PhilTimyan

·

1h

Cargo ships all backed up in Vancouver as well. #YVR

Edited by dTraderB, 11 October 2021 - 04:12 PM.

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#34 dTraderB

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Posted 11 October 2021 - 04:14 PM

Go LONG GOLD?

https://www.mcoscill...gher_into_2022/

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#35 12SPX

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Posted 11 October 2021 - 05:55 PM

Yup new I should have waited for 4360 but I don't flip and change direction that fast so now my average long is 4365.... See how the overnight session goes..

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#36 12SPX

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Posted 12 October 2021 - 07:35 AM

Got my long down to 4355 overnight and have my profit stop at 4360 for the cash open. As I've been saying for a month, this is a directionless market right now, a sideways we will go!!

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#37 12SPX

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Posted 12 October 2021 - 08:02 AM

Well that was kinda fast, out for a 5 point profit was thinking it might hold at least till the open. Out for a 5 point profit. Wait to see how the open goes to decide what to do. Was nice to get some Nov. 3800 puts sold overnight for $12.25 though, setting up nicely for the Nov expiration cycle so far with calls and puts!