Risk: I Told You for Weeks that China Would Pump…
It's not a bazooka, but our price target of $6,000 on the S&P 500 is now within reach as the markets completely buck the historical trend of September volatility.
Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000
Something happened… that’s what I told you.
The reality is that no one really understands why markets have these rips higher until the story emerges days or weeks later. Sometimes it’s a liquidity event that takes us lower… into a Red signal.
But after that positive switch two weeks ago - off that bottom where NVIDIA took off like a rocket - we now know it’s what I’ve predicted for weeks.
China is easing… I just walked past the snack cart, where CNBC blares into the ether. They were finally talking about it… recognizing: “Yes… stimulus from China helps lift risk markets, improves global collateral quality, and positively impacts bond prices..”
The world's second-largest economy is ramping up its stimulus efforts, with top leaders pledging to boost fiscal spending and revitalize growth.
Liquidity… liquidity… liquidity.
As I’ve noted, it fits perfectly into our worldview.
The insider buying that recently happened… the…
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