Me and the Money Printer

Me and the Money Printer

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Me and the Money Printer
Me and the Money Printer
Are We Waiting on “Red?”
The Capital Wave Report

Are We Waiting on “Red?”

Wednesday will be critical as consumer cyclical stocks (especially housing) are under pressure across the markets.

Garrett Baldwin's avatar
Garrett Baldwin
Oct 23, 2024
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Me and the Money Printer
Me and the Money Printer
Are We Waiting on “Red?”
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Dear Fellow Expat:

An early signal would be three days of negative movement on the S&P 500 and rising selling patterns.

We’re seeing outflows increase as the Daily MACD is turning negative now. We’re still about 1% above the 20-day moving average, but something is brewing here - and people are starting to wake up to the debt problem (we had this same problem LAST October).

Stocks have threatened their first three-day slide since September as traders have seemingly revolted against Washington's $500 billion borrowing spree over the last three weeks. 

The bond market's message is crystal clear: It is pushing yields toward 4.23% and demanding ever-higher premiums to fund America's debt addiction. 

Gold's defiant surge to $2,763 despite dollar strength tells the tale. With rate cut hopes slashed in half from just a month ago, the market's bull run is slamming into a wall of fiscal reality. 

Insider Buying: 

  • Insider Buy/Sell ratio for October is 0.24 (YTD avg 0.28) - that’s bearish.

  • Top Purchase…

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