QuiCQ 24/04/2024

Wash, Rinse, Repeat

---

Prefer to read today’s QuiCQ in PDF format? No prob, download it here!

20240424 Quicq

162KB ∙ PDF file

Download

Download

---

---

"A lot of people would rather understand the market than make money."

-- Ed Seykota

---

---

Since the equity market low in October 2022, we had a hawkish Fed, a dovish Fed, falling rates, rising rates, recession fears, stubborn inflation, attacks on Israel, retaliation by Israel, attacks on Iran, followed by retaliation and re-retaliation, etc., etc., etc.

On the S&P 500 I see a pattern of higher highs and higher lows (see chart below) – the textbook definition of an uptrend. Stay tuned – I mean: wash, rinse, repeat …

---

---

---

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