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thursday, september 19th, 2024

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 broadcast summary (*generated by AI, there may be errors)

Key Takeaways

  • Markets entering Quad 3 (growth slowing, inflation accelerating), signaling bullish trends for tech, emerging markets, gold, and other commodities
  • Fed rate cut viewed as panicked response to slowing economy, not a sign of confidence
  • New tiered research packages launched to serve different investor needs (Core Macro, Core Stocks, Elite levels, etc.)

Topics

Quad 3 Market Environment

  • Dollar devaluation continuing, benefiting emerging markets, gold, and commodities
  • Tech shifting from underweight/short to long as NASDAQ shows bullish trend
  • Emerging markets outperforming: India, Indonesia, South Africa, Malaysia seeing strong gains
  • Gold and silver "busting the move" on Quad 3 entry, copper going to bullish trend

Federal Reserve Actions

  • 50 basis point rate cut viewed as panic move, not sign of confidence
  • Powell's legacy at risk of repeating inflation mistake
  • Other central banks (UK, Brazil, Norway) maintaining or raising rates, highlighting divergence

Market Signals and Trends

  • S&P 500 nearing all-time highs (57,25 level)
  • VIX breaking down, could drive further equity upside
  • Oil shifting to bullish trade but not yet bullish trend
  • Bitcoin confirming bullish trend in Quad 3

Next Steps

  • Monitor emerging markets and commodities for continued Quad 3 outperformance
  • Reassess positioning in tech and rate-sensitive assets
  • Consider new opportunities in oil and energy stocks as trends potentially shift