Podcast EP 65 Doves Stronger than Madness (Oct 9)

I was a bit under the weather after hosting my two nephews. Kids + Germs! But I felt compelled to get this out to everyone! Hope you have a great day!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 dayAs war continues in Israel/Gaza, all it took were a few dovish comments from Fed heads to goose prices. But pay attention to breadth as new lows continues to beat new highs. The dollar index fell sharply after multiple Fed speakers such as Dallas Fed Lorie Logan and Fed vice chair Philip Jefferson reiterating what SF Fed Mary Daly said on Friday, suggesting that soaring 10Y yields have done the Fed's tightening job for them, and no more hikes are coming. This is how UBS's trading desk put it:Fed Vice Chair Philip Jefferson sounds dovish. He said he will remain cognizant of tightening financial conditions through higher bond yields and will keep that in mind when assessing the future path of policy. Also, he said the Fed is in a sensitive period of risk management, where they have to balance the risk of not having tightened enough, against the risk of policy being too restrictive.I still call BS. Here is what I need to see before I can confidently call a reversal:* Weaker yields* Stronger Yen/USD* Weaker Crude Oil under $80* 51% of stocks trading above their 50 day moving avg* More new highs than new lows dailyBreadth* 78 new highs* 407 new lows!* 58% advancing 37% declining* 80% below 50 day ma* 68% below 200 day maStuck outFinancials the only sector in red/break evenStrong* Defense* Software cyber security* Magnificent 5 *NVDA and TSLA downWeakSMH and Financials redWhat to watchAs we approach overhead resistance and the 50 day moving avgs, watch if prices can break up throughWatch mag 7 Watch Crude/EnergyWatch yields Economic datahttps://www.marketwatch.com/economy-politics/calendar Financial Freedom is not free, but the pursuit is worth the treasure. 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