Tech selloff today and no movement in the bond market. Investors think the central banks are going to stay aggressive so they’ve taken away fed cuts this year even if we go into recession. It seems like the market is finally beginning to listen to Powells policy on higher for longer. A very interesting day with low volume and a lot of fear about rates. Earnings start next week, this year is flying by. The reason I bring this up is that it may hold off the selling or really bring the fear to the recession talk. Keeping it short there’s a lot to think about. The hard, cold reality of trading is that every trade has an uncertain outcome.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck