Be sure to follow us on Twitter @gmgresearch
Quick takes:
Use this draw-down as an opportunity.
The markets collapsed Thursday from leveraged ETFs (SQQQ & TQQQ) selling $15bn and option dealers selling huge amounts of gamma into the market.
The Fed will NOT let pensions explode and create a massive retirement crisis in order to fight 8.5% inflation.
Inflation is already decelerating (used cars/mortgages)
6-month returns after VIX spikes to 35+ are 10%+
Roughly half of Nasdaq stocks are down 46.5% from their 52-wk high.
Remember, there is a greater chance the fed becomes incrementally more dovish than hawkish in 6-9 months. (Bullish) The fed already denied a 75bps hike just last week.
S&P 500: Leaving this here for now. Needs to hold 4,000
6-month returns after VIX spikes to 35+ are 10%+
12-month returns after VIX spikes to 35+ are 20%+
USD has been too strong, which adds to the tightening. It is weakening at resistance here.
After an amazing quarter, AMD needs to break over $100 in order to be called a bottom.
Nvidia is in a much better spot on the 100MA. Below $170 wouldn’t be good. The risk/return to the upside is better right now.
This won’t last.
Return always wants its risk payment. Not Investment Advice.
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.