E-Wave for the S&P 500 Index

[gdl]

Should have waited for the real market at 3PM!

Bullish when we had a one day banking Crisis of epic proportions, when the Powell speech didn't give them the no rate hikes again speech? When the earnings picture is down right DISMALL and will have to, accept another quarter of really bad news. lets not forget that the quarter after this one is ALSO expected to be negative. What can go wrong?

Lets be clear. Everyone, i mean every single analysts, investor, economist sees one thing going forward and they are all in agreement. Never saw so much agreement. ALL say recession job losses and rate reduction is going to be here this year. this as we added 800K in 2 months, unemployment continues to get taken even lower, JOLTS at historic highs for a year now, Spike in January inflation and now February inflation looks no better. Housing anyone? I thought that was dead? not according to yesterdays existing home sales. Tomorrow we have new home sales. Wanna bet it also is higher than expected.

BTW the street wants reversal in rate hikes and history has shown EVERY TIME it was bad for stocks. Masocistic bunch.

I HOPE and PRAY we trudge higher from here because the DOW is looking like it is about to CRASH!