Stock Markets in under 15 minutes. No ads. No politics. Easy to follow for your morning coffee, dog walk or commute.
Prices are adjusting for inflation. Thank you Jerome Powell!
I am currently priced 45% lower than the avg Substack in the Finance Category.
Prices adjusting closer to avg on Thursday Sep 19, 2024.
Freebie Warning Signal (9 more in the Premium Section)
Fed Pivot historically is bearish for assets and stocks
This morning Bill Cara timely posted:
“I have been saying this for ten months: When the Fed cuts rates, it will be an admission of upcoming unemployment and economic slowdown issues. This is not a time the public should be investing, but when the insiders in the banking cartel are selling as they do in share buy-backs and secondary offerings when prices are extremely high.
The public seldom listens to common sense.”
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Free Episode 16 min
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Even though I don’t actively trade, there’s so much usefulness in the daily podcast for navigating the bigger picture for my 401(k) and IRA. Often you touch on factors that will impact my clients at my day job, so it’s useful there too.
Finally, and perhaps most importantly, there’s a “Zen and the art of” quality to your world. it’s educational, elucidating, and exists at the intersection of theory and practice. Thoughtful and worthwhile!"
- Will (Paying Subscriber)
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Summary of the day
Low volume melt up on Dow
Breadth
1290 new highs
116new lows
Nasdaq New Highs/Lows 203 Highs vs 48 Lows
63% advancing 33% declining
34% below 50 day ma
35% below the 200 day ma
Stuck out
all sectors green except Tech and Consumer Cyclical
Strong
Weak
What to watch
Expect the same Tuesday
Fed rates Wed
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
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