QuiCQ 13/06/2024

Come Rain or Shine

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"The four most expensive words in the English language, “This time is different."

-- Sir John Templeton

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Yesterday’s market-related main events where a) the US CPI number reported at a dovish 0% and b) a hawkish FOMC (via Dot Plot). Here’s how the market reacted:

1)       Rates (top left): down on CPI, up on FOMC

2)       US Dollar (top right): down on CPI, up on FOMC

3)       Gold (bottom left): up on CPI, down on FOMC

4)       Mag 7 stock (bottom right): up 2% anyway …

Whatever the prevailing macro wind, be long Mag7 (no investment recommendation, just tongue in cheek)

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Disclaimer:

o Everything in this document is for educational purposes only (FEPO)

o Nothing in this document should be considered investment advice

o Investing real money can be costly; don’t do stupid stuff

o Past performance is hopefully no indication of future performance