The Fed sent out Kashkari today to suggest the Fed might do nothing this spring and it was met with a buying program that eventually was sold, only to get bought right back and here we are at session highs +1.4%. I had sold all by 9:35am but am now back in some LABU, WCLD and TNA. The purpose of my investments isn’t to make money per se. The point of me buying now against my better judgement is to satiate the fear of missing out.
Being scared is one thing. But missing out on an oversold rally is an entirely different thing that I am not mature enough to endure.
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Q1 GDP estimates collapsing *check*
Commodities running higher anyway *check*
Stagflation *check*
I don’t know what makes you tick/check those boxes cause I don’t see it. GDP isn’t collapsing. far from it.
Commodities, although high are nowhere they have been when it was truly inflated times.
Not saying inflation is transitory. but i’m not seeing stagflation. Personal finance are healthy are people are cooped up in fear at home counting their pennies while their houses just keep gaining value.
Anyway, I’ve stopped reading David Rosenberg newsletter.
The Atlanta Fed just came out this morning with a forecast for Q1 GDP to fall to 0.1% growth
GDP is backwards looking, markets already looking forward to Q2 and beyond *check*
Commodities will stagnate (possibly fall), as supply chain issues continue easing and fears shift to economic slowdown, as your aforementioned backward-looking Q1 GDP estimates supersede inflation fears *check*
Inflationary pressures ease, as the low base effect goes away, pent up demand subsides and supply catches up. *check*
LOL Cathie Woods ARKK fund is the superior bear market rally instrument. Just get out in time.