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