No. of Recommendations: 7
"Is this a market top? Nobody knows, though it looks more likely than it did yesterday."
NVDA had stellar earnings. So them going down the day after is not a good look.
The Fear and Greed Index is in the Extreme Fear territory.
https://www.cnn.com/markets/fear-and-greedI've been lightening up, at slightly over 50/50 stocks and fixed income.
I don't like that, I know that inflation is eating away at fixed income and
cash flows. But Trump has been shooting the Country in the foot ever since he
stepped in Office. Supposedly the Market hates uncertainty, and there is no more
of an uncertainty than Trump. The Market big money people luv that Trump wants
to gut regulation and oversight, so there is a chance that the Big Money folks stay
invested. But there are some major headwinds coming up for the average American consumer, and consumer spending upon last check makes up 70% of American GDP.
The wealthy and well off are doing fine, but the average American is staring down
huge insurance cost increases, increased prices for most everything they buy, and
lower job security.
After writing that, being 50% stock seems nuts, lol.
If there is a reckoning in the AI sector, QQQ and SPY are gonna get hammered.
Interesting times, to say the least.
