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Triple Top With Negative Divergence 7/18/23

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17 minutes ago, DrStool said:

Ipso facto, bank deposits must be rising. Guess what, the lagged deposit data is showing huge increases. The system is presently creating money faster than the Fed is destroying it with QT. 

See, this is why I get paid the big bucks. 

The information you provide is not only spot on, it describes the system in an easily understood format.

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This market is still about bigtech. Big tech made the returns real. Its a fact.

Of course now, a small amout of people on the sidelines with cash decided to join the party and we see that in russel and rotation.

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real economy

J.B. Hunt misses profit, revenue estimates hit by weak freight volumes  July 18th, 23:00:10  (Reuters via PiQSuite.com) - U.S. trucking firm J.B. Hunt Transport Services Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by declining freight volumes as high inflation dented consumer spending.  Shares of the company fell about 1% at $187 after the bell.  Trucking and logistic firms, in the last few quarters, have struggled with weak shipping demand, high driver wages and maintenance expenses that have been a drag on their margins.  The e-commerce sector has particularly been hard hit from the pandemic highs as consumers return to their normal shopping patterns.  As a result, major players grapple with excess delivery capacity as demand wanes forcing firms like FedEx to embark on cost-cutting initiatives to protect profits and remain competitive in an unpredictable economy.  On Tuesday, J.B. Hunt reported a profit of $1.81 per share in the quarter ended June 30, missing anal cysts' average estimate of $1.92 per share, as per Refinitiv data.  Its revenues fell 18% to $3.13 billion, compared with estimates of $3.31 billion.

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Goldman cuts US recession probability to 20% from 25%, Citi pushes back recession call to Q1 next year from Q4 this year.  Not hard to see why - US economic surprises index at its highest in over two years.

20230719_075952.jpg

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Lee, Guys

Where could I find good explanation of inflation waves in 70ties. I know it was about oil at some period of time but do you know good website,articles which drills down to the details?

 

Bears especially gold bulls keep talking about inflation waves. See attached picture from Otavio Costa.

 

Does anyone of you see any real reason to inflation to show up let say in late 2024 and in 2025? What would be the source?

20230719_085819.jpg

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Remind me how 1987 and 2000 top were made?

 

Panic buying while fundamentals were not good. Panic Buying will use up all the fuel like Panic selling in Oct 2022.

With No shorts 22.5 years cycle will be complete. come September 2023

August 2023 is where we should see First wobble

Market from 1966/1982. How many tops were made?

same should happen again.

 

 

 

19 July 2023 Ndx spx.png

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