Is The Market Ahead Of Itself?

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Bill explains how a consolidation would be healthy for the stock market.

[Auto-transcribed]

What do we think? Yep. Well, I think. I think the market, to Joe’s point, a consolidation here would be really healthy. But we could still grind higher if a rotation happened. Some of the some of the steam that really drove this, some of the big mega-cap tech maybe earnings pretty bracing themselves in. And then to the Goldman Sachs note, Toni’s note there in order to have such a vicious move to the upside, there needs to be money in the sidelines to fuel that. Why was the money on the sidelines? Because Powell said he was going to bring pain over a year ago. He said he was going to bring pain. And guess what happened? Inflation has come down. So now that we’ve seen this continue, evolution of moving away from needing to bring pain, now that we can have a little bit of a sort of open space, if they make a transition this week and they remove that restrictive note around it and they really sort of pave way to a cut in March. I mean, what’s going to stop this market continue to go already? You know, look, the market’s moved a lot because of the perceived pivot that the Fed has already made. John Hatzius, by the way, doubling —


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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy, and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third-party application. Blue Line Futures employees use only firm-authorized email addresses and phone numbers. If you are contacted by any person and want to confirm your identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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