SPDR S&P 500 (SPY)

[gdl]

This is a NORMAL correction. A Three month correction with defined waves and channel. The new HOPE is that the surge in GDP, spending, Jobs, Job wanted ads, wages will somehow NOT create a problem with higher inflation. If i was to ask 100 analysist 6 months ago if we could surge in GDP and create a tigher labor market than already here they would laugh and laugh and laugh. If they saw 5% on 10 year they would shake their head and say IMPOSSIBLE!

New Paradigm. thats what i am hoping happens once this bottom is hit. I will know the psycology of the market before the new year starts. The faster and stronger the rebound the more likely a crash is the final solutuion. An orderly slow recovery meant we have another year, 2024, in good shape.

here is the thing. Since the street ONLY sees opportuity and not danger, like the Pandeimic, I expect them to conclude a HOT economy with No pressure on inflation and steady diet of spending and profits. This all depends on the bond market and the FED. WHEN, no longer if, we get SIX percent on Fed Funds nothing will matter for the rest of the economic data points. NOTHING! It is the atomic bomb detonation. This economy will FOLD when that happens and fast.

My MANTRA for years bnow about to be tested. NO ONE thought this scenario was even possbile.