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Show Notes
Summary of the day
Powell took away the baseline case of a soft landing
There is more yays for Nov rate hike than nays
IPO $ARM $CART $KYVO are all red from ipo pop
We will likely continue with higher rates for longer
If 437 breaks, we will head down to that blue box area
Breadth
105 new highs
351 new lows
29% advancing 66% declining
74% below 50 day ma
Stuck out
Tech leads down
Strong
Volatility
Yields
$SG
Weak
Everything
What to watch
Watch mag 7
Watch yields
Economic data
https://www.marketwatch.com/economy-politics/calendar) This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit nyugrad.substack.com/subscribe)