Me and the Money Printer

Me and the Money Printer

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Me and the Money Printer
Me and the Money Printer
Hurry Up and Wait
The Capital Wave Report

Hurry Up and Wait

The Euphoria may be coming to an end...

Garrett Baldwin's avatar
Garrett Baldwin
Nov 15, 2024
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Me and the Money Printer
Me and the Money Printer
Hurry Up and Wait
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Action to Take: Powell's "no hurry" stance on rate cuts reshapes our near-term outlook. As December cut odds drop to 62%, markets transition from momentum to fundamentals. Consider 20% trailing stops on speculative positions that surged post-election while giving quality names more room to breathe. Watch domestic small-caps and sectors most insulated from higher-for-longer rates while reducing exposure to growth names that rallied hard on aggressive easing hopes. Bond vigilantes are winning round one in forcing a Fed pivot on easing pace, suggesting a focus on capital preservation.

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Momentum: Despite this week's pullback from post-election highs, momentum signals are still pointing up. The S&P 500 has given back about a third of its recent gains as markets react to Powell's hawkish tone, with December rate cut odds dropping from 82% to 62%. Gold's worst weekly drop in three years shows how traders are repositioning. If the downturn continues today, keep an e…

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