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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 (74710)12/14/2022 3:24:08 PM
From: Jacob Snyder2 Recommendations

Recommended By
ajtj99
towerdog

  Read Replies (1) | Respond to of 97636
 
Also, sold some more long positions (UL, XBI) as soon as I saw the dot plot.

Obviously, my prediction of terminal FFR 4.75% is wrong. Now, absent an Exogenous Shock, there will be multiple rate hikes in 2023. Probably 25bp, maybe one more 50bp.

That, combined with a 10-20% decline in S&P500 EPS, implies we have not seen the lows for this bear market.