Feels like we just lived through August ‘24 again.
The final flush had all the signs of capitulation.
Bottom is either in — or very, very close.
▪️ Fed slightly hawkish
▪️ Hot PCE
▪️ Brutal jobs data
▪️ Trump’s nuclear drama
▪️ Mixed earnings — Meta & Microsoft strong, Apple weak, Amazon wrecked
If we dip lower, I’m adding.
Wouldn’t be shocked if we bounce soon and everyone regrets fading it.
