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GMG Quick Update
QQQ is historically way too overbought, almost 23% above the 200ma
Now zoom in: 355-365 range is the most traded price at these levels. Be patient.
We are still in the higher rates for longer camp. So that means energy needs to catch up and close this gap.
Consumer credit is down. Clear signs of a slowing economy.
US saved Europe and won the energy war. Too easy.
What BlackRock is telling you is that TIMING IS EVERYTHING. Don’t follow the herd.
Return always wants its risk payment. NOT INVESTMENT ADVICE.
Enjoy the alpha.