Podcast EP 68 Angels and Demons - Session before Friday the 13th! (Oct 12)

Hank Paulson has a demonic laugh! Homeboy almost falls off his chair!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 daySelloff after CPI report. Then an attempt to bounce into lunch. Then the 1pm woosh lower.10:34am* Equal weight sp500 down $RSP* Russell 2k down* Breadth volume nil* Means Mag 7 are once again holding things upAll things real estate down1pm Massive selloffApparently the culprit to the 1pm selloff was an ugliest 30Y auction in many years, and the market reacted accordingly with yields surging to session highs. The 10Y rose almost 20bps from session lows to 4.70% in secondsthen look at volume breadth at 3:59pmBreadth* 96 new highs* 504 new lows (5x more)* 18% advancing 77% declining* 79% below 50 day ma* 69% below the 200 day maStuck outThe nature of the selloff had convictionStrongVolatilityYieldsWeakAll recent IPOs seeking new bag holders like BirkenstockWhat to watchJPM WFC C & BLK all report Fri before the bellWatch mag 7 Watch 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