Podcast EP 49 Bankers First (Sep 14)

Podcast Available onSpotify | Apple Podcast | Amazon MusicFollow on Substack NotesReferral Program for existing Subscribers* When you use the “Refer a friend” link below or the “Share” button on any post, you’ll get credit for any new subscribers. Here is the link you can copy and paste into any email, text or social media platform:“https://nyugrad.substack.com?r=1ec55c”* Once I launch a paywall, your referral credits earned will be retroactive immediatelyShow NotesSummary of the dayI can’t help but get the sense we are at the point of the movie before anyone knew of the iceberg. With the majority of the country very hopeful their TSLA and AAPL will remain in good graces. * The largest IPO of the year was trotted onto the markets today in $ARM, note this is Softbank whose investment track record is not too stellar* PE 110! Softbank owns 90%* SPY is 9 points away from 1 yr highs. or 7% from lifetime highs, despite all the economic headwinds I noted for weeks* Bond prices continue to fall* Yields and interest rates continue to rise and remain high* Oil is going much higher* Russell 2000 led today* Cup and Handle in playBreadth* 174 new highs* 248 new lows* 70% advancing 25% declining* 64% below 50 day maStuck outOil, Energy, Rates and Yields all rising along with risk assets. This will not last too many sessionsStrong rally, all sectors greenTechnology was 2nd to last thoughStrongARMCVNAKMXCOINETSYWeakVIXSGNFLXZGWhat to watchSep 20, 2pm Fed rate decision and guidanceWatch Mag 7 Watch yields Economic datahttps://www.marketwatch.com/economy-politics/calendar  This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.notyouradvisor.com/subscribe