Me and the Money Printer

Me and the Money Printer

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Me and the Money Printer
Me and the Money Printer
Postcards: Six Rules for Negative Momentum

Postcards: Six Rules for Negative Momentum

This might not last long, but the selling on the S&P 500 and the negative turn on the MACD have us plundering into the red for the first time since April. Hedge.

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Garrett Baldwin
May 29, 2024
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Me and the Money Printer
Me and the Money Printer
Postcards: Six Rules for Negative Momentum
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Dear Fellow Expatriate,

We’re in an ugly situation where little works in the market except for NVIDIA (NVDA), squeeze candidates, and a handful of buyout names. Volume is EXTREMELY low.

Even though OPEC+ announced plans to keep production cuts in place, oil stocks are dropping. More investors are worried about the upcoming PCE number this week, and we’re pressing a rather ugly technical shift on the MACD after last week’s turnout of overbought conditions.

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