Podcast EP 84 The Fed Pivoted this Week (Nov 3)

Podcast available on:Spotify | Apple Podcast | Amazon MusicFollow on Substack NotesSpecial Promotion AnnouncementIt has been less than six months and I want to thank the 1,300+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)* I plan to turn on premium when we surpass 3000+ total subs* Pledging requires a credit card but it is not charged until Premium goes live* What will premium include? (at minimum)* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)* Webcasts covering charts of all above* Additional Premium only content* Timing: promotion good through Cyber Monday, November 27thI want in! How?Instructions:* Subscribe by clicking “Subscribe” or this link.* Once you are a subscriber, you should see buttons that say “Pledge your support”* Enter your information on a page that looks like belowShow NotesSummary of the day and weekI believe we just witnessed a Fed Pivot. By the Treasury (Janet Yellen) selling more front end short term debt, and the govt and fed buying it, it increases demand and price. Thus decreasing rates. That news came out Wed but this bounce began Monday so I suspect that too was leaked. Go look at $GS stock price action on Monday Oct 30th. Check out the outperformance vs SPY. Coincidence I am sure.12:50pm last yr we had two 5-6% bounces in a down trend. Could be something. Could be nothing…12:41pm Santa is getting ready* AAPL NVDA MSFT META all above their 50 day ma.* 10 yr 4.5%* 195 new highs vs 82 new lows12:21pm the summary of the week in one photo8:38am Stock futures add 100 points after soft jobs report sends yields lower. ‘people are less prosperous as we hoped, thus we can maybe stop hiking’Sick world huh.PS we went from oversold to overbought this weekBreadth* 233 new highs* 102 new lows* 81% advancing 15% declining* 53% below 50 day ma* 64% below the 200 day maStuck outYields decreased 50 basis pointsStronganything that was weak. Ie housing. Roku, afrm etcWeakvolatilityWhat to watchWatch 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