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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.00+0.2%Nov 11 4:00 PM EST

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To: yard_man who wrote (200009)8/1/2024 8:01:27 AM
From: GROUND ZERO™1 Recommendation

Recommended By
rxbond

  Read Replies (3) of 218688
 
Here's a good reason why these markets may have possibly already topped out...

If it rallies, I certainly have no problem, why would I, but I'm not so sure it could still rally...

Time will tell...

The markets bottomed last October 27th on the hopes and lots of talk about a series of no less than 6 rate cuts...

None ever happened...

The markets continued to rally anyhow in anticipation of those rate cuts...

Finally, now that the FED says a rate cut in September, the anticipation of all those rate cuts may already be priced into the market by now...

Buy the rumor and sell the news...

Why in September???

September is the weakest market month...

Coincidence???

Probably not...

So, we'll see how all this unfolds...

GZ
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