Podcast EP 89 It's Beginning to look a lot like... (Nov 10)

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Nov 11, 2023

Transcript

Podcast Available on

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Show Notes

Summary of the day

Where do I begin?

Megacaps Mag 7 rallied hard
Meanwhile yields also rallied from Thursday selloff
Breadth still produced more new lows
It’s end of year and everyone is racing to max their bonuses
Put Options are cheap!

And then at 4:36pm after trading has closed, Moody’s downgrades America! Leaving all the buyers this week holding the bag.

They waited as long as they could with that headline/downgrade. It will be interesting to see what happens to the USD and currencies on Sunday.

Hey maybe this downgrade goes overlooked thanks to seasonality. Or… The USD cracks down on the downgrade along with bond prices. Thus sending yields up and risk down.