Replies to post #361586 on SPDR S&P 500 (SPY)

[learningthetruth]

Intermediate to LT top in for indices are in for quite a few months IMHO.......I think it's short any pop from here on out.....Fed made it clear today(that was a Massive shocker to the markets and maybe 2% of peeps expected that), FED will not pivot and will continue to raise raise rates to that 3.5-4% level...much pain to be felt from the current and coming rate hikes...takes weeks and months to work through the economy. ER season over, inflation still extremely high here in U.S and EU is gonna collaspe IMHO with 12-15% inflation. Consumer is tapped out world wide and yesterday's US consumer credit reading was 2nd highest reading ever...world gov'ts in very similiar positions, expect major earnings compression to the downside and .......so more ST and LT pain is my lean, but will be major opp's as always and will always play price. Here are a few charts I posted yesterday

Radical stimulus and subsequent price inflation being passed onto consumers has done wonders for corporate profits.

Sustainable trajectory? I suspect not. pic.twitter.com/O0wI837G1R

— Sven Henrich (@NorthmanTrader) August 25, 2022

Consumer credit has shown the second largest monthly increase on record. pic.twitter.com/xVvzTanYDI

— unusual_whales (@unusual_whales) August 25, 2022

Household incomes crashing worldwide

Source: Refinitiv data stream pic.twitter.com/Sv1lzjXQJL

— Cheddar Flow (@CheddarFlow) August 25, 2022