Podcast EP 84 The Fed Pivoted this Week (Nov 3)

$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT

Nov 05, 2023

Transcript

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Show Notes

Summary of the day and week

I believe we just witnessed a Fed Pivot. By the Treasury (Janet Yellen) selling more front end short term debt, and the govt and fed buying it, it increases demand and price. Thus decreasing rates. That news came out Wed but this bounce began Monday so I suspect that too was leaked. Go look at GS 0.00%↑ stock price action on Monday Oct 30th. Check out the outperformance vs SPY. Coincidence I am sure.

12:50pm last yr we had two 5-6% bounces in a down trend. Could be something. Could be nothing…

12:41pm Santa is getting ready

AAPL NVDA MSFT META all above their 50 day ma.
10 yr 4.5%
195 new highs vs 82 new lows

12:21pm the summary of the week in one photo

8:38am Stock futures add 100 points after soft jobs report sends yields lower. ‘people are less prosperous as we hoped, thus we can maybe stop hiking’

Sick world huh.

PS we went from oversold to overbought this week