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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (64018)	6/29/2022 2:45:57 PM
From: ajtj99	1 Recommendation Recommended By towerdog Read Replies (1) \| Respond to of 97439

Fantastic data and charts! That last one from Yardeni is interesting, as it points to a drop in Brent Crude if Copper continues to falter, which is something most are not expecting.

To: Jacob Snyder who wrote (64018)	7/8/2022 11:01:51 AM
From: Jacob Snyder	4 Recommendations Recommended By ajtj99 John Koligman oldbeachlvr towerdog Read Replies (4) \| Respond to of 97439

I don’t understand why the market didn’t tank on the payroll data. Tight labor market = Continuing inflation = More 75bp Fed hikes = RiskOff for stocks Recession watch: as I’ve been predicting, PMI fell below 54, so it is now signaling recession. In spite of June’s payroll data, there are clear signs companies are reducing job openings. Wage growth continues to lag inflation, so consumers can’t keep buying at the current rate. Copper is staying below $4, and oil is now trending down. Supply of copper and oil is not increasing, so falling prices is in anticipation of falling demand. All that, plus I am expecting disappointing 2Q earnings reports. So I sold a lot of risk assets today. On all previous rallies this year, I made nice profits. This time, I am happy just to get out even. Leaving on a long vacation, so I am setting more sell orders from here on up. Buy on new lows, in cautious increments.