Powell Chickened Out But It's The BOJ You Have To Watch
Added 2024-08-01 03:45:31 +0000 UTCMarket Recap:
00:00 Intro
0:40 FOMC Review
2:08 War In The Middle East
8:25 BOJ Hikes Rates
13:40 Chip Led Market Rebound
17:20 Earnings Reviews: META
24:00 Market Performance: Rotation To A.I.
26:25 Heat Map: Rotation Of The Rotation
30:10 Commodities: Yen Causes Crude To Surge
31:18 Options: Long LAD Short PHM?
39:00 Charts: False Rebound Ongoing
50:50 Economic & Earnings Calendar
Outro Music: Black and White - OTE
Comments
Legend, Mav!
Beef
2024-08-02 03:49:56 +0000 UTC“What a day, what a day, what a DAY!!!”
TheLethargicAge
2024-08-01 21:07:13 +0000 UTCMav's critique of the market reacting fully to the news of the rate decision today rather than yesterday is spot on, at least with respect to the regional banks (KRE). As I type this ETF is trading down $2.65 on no news. In an earlier video comment I declared that the KRE could be one failed bank away from an island reversal chart pattern. We could get the same effect if the market suddenly realizes that Chicken Powell will not drop rates just to save the regional banks, no matter how bad the statistics are for employment or commercial real estate.
J Hamilton
2024-08-01 17:44:44 +0000 UTCSeems to me He wants Jerome to cut rates to prove the point that inflation has not been defeated. Have his Arthur Burns moment and get out. Higher for longer!
William Brown
2024-08-01 14:11:45 +0000 UTCGreat show Maverick. I do have a question. I’ve never bought commodities before thinking of buying the USO today. Can I hold it like a stock?
DirtyDan1961
2024-08-01 14:00:34 +0000 UTCHey mav, I've been a faithful watcher since summer of 21. I've watched pretty much every single one of your videos and for the most part whole heartedly agreed with your take on the market. I especially love your macro take on the economy. Recently though it "seems" you have switched your take from "if the fed drops rates than aggregate demand is gonna kick in" to "its time for the fed to cut rates so as not to do any more damage to the economy." Have you actually flipped to this? Or am I wrong in my understanding that you seem to have changed in your thinking, and I must have taken something out of context in your last couple of videos. Do you still feel that a fed cut will bring in aggregate demand? Or, If you have changed your thinking does this mean that the fed actually did get it right? Raised the rates just enough to lower inflation without destroying the economy and now it's time to loosen a bit? This would mean that my thoughts of "the fed never gets it right. So why would they get it right this time" is actually wrong? And they actually did get it right (ish) Mav, your only the second person I've ever paid for content. And I'm a huge fan. So please don't take my questioning to be disrespectful. I just need to know where you stand.
Jaime
2024-08-01 11:45:33 +0000 UTCThank you Maverick …as always super informative…please keep those of us not in the top tear also informed when you get ready to SHORT for real 😳
Island Girl
2024-08-01 11:38:52 +0000 UTCMav!!!
Stavros Deriziotis
2024-08-01 11:05:26 +0000 UTCThanks Mav
Longrun
2024-08-01 09:42:53 +0000 UTCThank you sir
Rico a
2024-08-01 08:15:58 +0000 UTCAlways enjoying your information. Top notch. However, I can see you are incorrectly using the concept of 'Law of Large Numbers' . Short explenation of the concept: the larger the sample, the more confident on its average (as it converges towards the true average). The concept you are looking for I believe it is: the law of diminishing returns. All the best >:D<
Cristian Lolev
2024-08-01 08:03:14 +0000 UTC
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