Retail sales came in strong today, one day before the Fed must decide between cutting by 25bps or 50bps. I don’t get it. Please explain to me why we are cutting rates, other than the fact the govt cannot afford to carry the interest on the national debt.
Ohhhhhh. That’s right.
I went to cash and only hold a 5% $TSLA position, +115bps for the session. I might trade or I might not. I just feel like not being in the market at the moment.
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