Nov. 21 at 8:29 AM
$SPY I see a pause, yes, I see a pause, in 2023, June., when the ultra rich consumer FINALLY shows signs of truly buckling from 6.75% FED Funds Rate then.
Remember what I said earlier tonight, the Wall Street has done a terrible job of predicting DURATION & AMOUNT of FED rate hikes to the markets' favor.
So my prediction is too just that, a prediction, but, I've been pretty right on with my predictions since last October.
I think this year the ultra rich consumer DOES spend a lot of home goods, will RING in the holidays and then WORK 2 Jobs Jan & Feb. and long hours to pay off holiday debt before spending cycle starts up again in March.
Keep in mind, though less spending January and February it's not going to affect prices much in thst time since retail knows its just a calm before the storm of more big spending
$QQQ $THOR $HD
