Sep. 1 at 12:40 AM
$GTLB HPE SNOW
$PL $PANW $AVGO NIO
$RZLV [Earnings Week] The 10YR is at 4.72% and climbing, consumer sentiment is borderline contractionary, Debt/GDP now at 125% and climbing geometrically, Brent back to
$91/bbl and climbing, the JPY de-stabilizing (Japan is the largest holder of US debt), the largest tech companies are leveraging the future (debt) on AI buildout, inflation remains above 3.7% and the job market is unsettling/stagnant (no hire/no fire) and the market is at bloated valuations - of course, it is most likely to climb into the conclusion of earnings. Be mindful of the macro-economic backdrop, run the Green wave through ER as I have stated previously with the foresight of mid-term elections upcoming. Upward, perhaps even non-sensical moves possible in the interim, followed by correction. I am unsure the order here, but there will be a correction 15-20% (IMO) soon at least.