Aug. 19 at 3:19 AM
$QQQ $SPY $DIA $BTC.X
$DJT [Update] Inflation remains well above 3.0%, WTI
$85/bbl and Brent
$91/bbl, the 10YR Treasury is at 4.7% and the 30YR 5.3%. The housing market has stagnated with high labor costs, import tariffs on raw materials and 10YR record interest rates (30YR fixed), tariffs are gaining traction as the middle K begins to feel the strain. Immigration restrictions are placing pressure on truck drivers and farm workers, exacerbating inflationary pressure with tariffs. Japan and China are decelerating, multiple nations are becoming increasingly risky assets under bloated debt including Japan and the US. Company profits, though good are decelerating QoQ. QQQ
$600-630 on 15-20% correction from ATH (IMO) makes all of the sense in the world, and has for some time on forward trading multiples, 10YR + 10 Treasuries, US Debt/GDP, Japan de-stabilization. Be prepared as we approach mid-term elections.
