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Whipsaw Wednesday – Back Where We Started From

What a crazy week already . In the last 3 sessions, the Dow has gained 400 points, lost 400 points and now gained it again and all that only takes us back to where we were on April 19th – 34,100.  Same with the S&P 500 – just under 4,200 now and the Nasdaq has lost a bit of ground, now 13,600 for the 100, who are mostly done with earnings.  So what's the next catalyst going to be?  The Fed can't loosen and Janet Yellen even said they may have to tighten soon, before inflation gets out of control.  We know what earnings and forward estimates look like so the only thing left to take us another layer higher has got to be MORE FREE MONEY!  Come on Uncle Joe – baby needs a new pair of shoes ….   IN PROGRESS                  

What a crazy week already.

In the last 3 sessions, the Dow has gained 400 points, lost 400 points and now gained it again and all that only takes us back to where we were on April 19th – 34,100.  Same with the S&P 500 – just under 4,200 now and the Nasdaq has lost a bit of ground, now 13,600 for the 100, who are mostly done with earnings.  So what's the next catalyst going to be?  The Fed can't loosen and Janet Yellen even said they may have to tighten soon, before inflation gets out of control.  We know what earnings and forward estimates look like so the only thing left to take us another layer higher has got to be MORE FREE MONEY!  Come on Uncle Joe – baby needs a new pair of shoes….

 

IN PROGRESS

 

 

 

 

 

 

 

 

 

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