"Sell Into FOMC, Buy Into CPI." Up Next: CPI
400 SPX Points Later: Now What?
July 30th, what did I write? 😉
“Sell Into FOMC, Buy Into CPI” clearly worked.
And yes, I still have higher targets, but I think we can chop into Friday as USDJPY is in the process of reversing.
Also, that growth rally I forecast from my growth:value ratio has snapped back sharply like I thought it would:
Updated Friday:
Here is my review of my call live on Monday for clients after Nasdaq’s well-timed 10% advance:
I made this call knowing full well that earnings strength is being amplified by paper gains tied to AI investments, while the labor market is quietly deteriorating beneath the surface. Because I still see a lot of bullish impulses under the surface from breadth to buying. I just also see the risk from Wed-Fri which I warned clients to ward against.
