Its Over, page-23324

...this is what US market is fixated on, instead of the underlying reason why the Fed is contemplating it.

Jerome Powell will indicate that the Fed is open to a 50 bps interest rate cut during his speech at the Jackson Hole Economic Symposium according to analysts from Evercore
https://x.com/Barchart/status/1825605346918019525


...retailers follow price, in and out. A large part is basically gambling.

...we are often told that making a buying entry, even in the face of uncertainty, isn't gambling, as long as it is invested for the long term. The reality is most people just want to jump into the bandwagon hoping for gains buying the dip.
...this is probably why we could get a suckers Melt-Up rally first, too often the market has shown to be able to climb a wall of worries that 'boy who cry wolf' complacency has set in and risk(s) ignored.

Retail investors are all in. Retail investors' inflows into US stocks jumped over the last 2 weeks to their highest levels in at least 12 months. Aggregate net retail 5-day moving average purchases have more than DOUBLED in a month and hit~$1.7 billion last week. This comes after the S&P 500 fell ~7%, providing what proved to be a buying opportunity. Following the inflows, the S&P 500 surged over 8% from its low and is now 1.5% away from a new all time high. The risk appetite for stocks is still strong.
https://x.com/KobeissiLetter/status/1825623848353702028