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cover of episode Podcast EP 53 God Complex Fed Rate Edition (Sep 20)

Podcast EP 53 God Complex Fed Rate Edition (Sep 20)

2023/9/21
logo of podcast Not Your Advisor

Not Your Advisor

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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)