Inflection Points

“We keep our cool when others don’t. The point is, markets adapt.” – David Tepper

Markets remain at key inflection points as the Fed continues to be the only game in town.
We can’t stress enough how important the end of the month is going to be, not only for shorter-term opportunities but for setting up the end of the year.
Once again, keep an eye on the data and to listen to what the FOMC Members are telling you; don’t make it harder than it should be. In this business, it is far too easy to let cognitive bias take over and cloud your judgement.
As we have been trying to stress, a lot can happen ahead of the 31st, not only in terms of data points (coming in hot so far) and FOMC Speakers (trying to cool expectations) but also especially in terms of the earnings season kicking-in with what are likely going to be disappointing earnings and more lower guidance. It’s not an easy read with so many moving parts so it’s important to stay nimble and keep an open mind.
intraday we are still seeing a lot of interesting opportunities, especially in indices but remember that longer-term, it’s about strategy and positioning for the long game. More on this in today’s webinar session.
Charts courtesy of @movement_cap
ICYMI > selection of charts we posted yesterday.
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Wishing you a great day ahead.

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