Alternative Path

[gdl]

The reaction off today's report is so out of character I will assume a top is just about here and that we will NOT be able to reach 4929 resulting in a nasty drop. I don't have to do anything other than watch for 4929 target. A break above on a closing basis negates my concern. ONLY 23 SPX points higher. Thats so tight we should know soon enough.

One thing i am STILL certain of. No recession, no collapse of consumer spending. Every single person touting the great condition we have today was absolutely sure the FED needed to already cut rates to prevent catastrophe. Their mistake is ignored because it resulted in a positive result. They can't even consider the implications off a strong economy in the wake of spike inflation. Like accepting TRUMP as the next president and doing everything possible to make sure all his evil is praiseworthy. This economy has absorbed accepted and is now thriving on higher rates. I KNOW this in my big apple town and can only assume it is no different than anywhere else. Service sector on FIRE!!!!!

My best placed odds are that we actually RAISE RATES in 2024. Now that's a startling conclusion. Not a single living soul sees this as a remote possibility.

Mark my words. January finally shows that we are in a new 40-year cycle. My proof is everyone else's mistake. ALL saw a tired recession starting from the rate hikes and none saw the great economic recovery. ALL see this only as a positive. Eventually there is so much debt they can absorb. Like the 70's we had STAGFLATION as a result. 2024 will be the year of revelation. Thats pretty clear now that January data came out.