Something Is About to Give
SpaceX, Tesla, and Tacos. The market is about to tell us where it's going over the coming weeks.
There’s a lot going on and the market is sitting on a ledge.
Is it going to get back up? Or is it about to fall?
We’re getting very close to finding out.
We’ve had a run of earnings over the past week or two that should’ve provided the market with a reason to go higher.
Banks, TSM, ASML, GOOGL, etc. all reported great numbers. But they didn’t go higher.
Add in the situation in the Middle East, rising yields, pressure in the bond market, and weakening price action across tons of leading stocks and the market desperately needs a positive catalyst.
But where can it come from? And what would the signs be that this market can start trending again?
More on that later…
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In the remainder of this article, I’m going to discuss:
The overall market
What I’m looking for to know it’s time to press the gas
Iran and the Middle East
Tesla + SpaceX
Focus groups
Historical precedents that might tell us where are in the cycle
Positioning and strength
And more.
The market is sitting at an inflection point and what happens in the coming week or two will likely dictate the next major move in the market…