Sabtu, 31 Agustus 2024

August 31, 2024 | Read Online

Don Kaufman, here.

Yesterday I sent you a video breakdown on what I think is happening in the markets.

In it, I talked about how:

We're in a two-week market deadlock, but it's a ticking time bomb.
Liquidity's vanishing - saw a $2 Microsoft move in 60 seconds today!
September's coming - historically the most volatile month.
Warren Buffett's screaming 'caution' - record cash position, selling Apple and Bank of America.
Tech's not leading - without it, we can't break new highs.
Financials are ripping, but it's not enough to carry the S&P.
Data drops next week could spark massive moves - ADP, PMI, ISM, factory orders, and nonfarm payrolls.

Is it time to bear up?

I'm not completely sold on it yet…

But according to Blake Young and Brandon Chapman, the Nasdaq has already topped.

In fact, they laid out their convincing case yesterday before the market open.

And let me tell you, they made a lot of sense.

Whether you agree with them or not, it's important to be aware of the issues they discuss.

Now, the first ten seconds or so of the video the audio is choppy, but it's smooth sailing after that.

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