Good morning STB!
It’s Masters week! (Kind of a big deal down here)
I may need a boat to get to the office.
Globalism may actually be DOA.
Good v evil
On to the lie -
Minis with a low of 4832 have recovered to be off only120. Fed emergency rate cut today? Trump bullying his way through everything. Sadly, thats the only way to get past the bureaucratic minefield. As for price movement, given markets dumping globally overnight, today is either gonna be a banger down or a moment of pause. We haven’t seen mass exodus yet. Greed is a powerful thing. People have short memories I guess. ‘02 and ‘08 must not register anymore. Anyway, this is an area I’d like to see a brief pause before moving deeper. No guarantee there tho. Things aren’t close to ugly yet. Wait till banks start failing. 3500 to 3200 optimal bottom with 1600 a place only a permabear can dream of. Hold on to your cash. Prices will get right again just like in the past.
Have a good day.
GL and GB!