Watch Out

[TSPIntel]

Budget issues and Congress Resolution may cause a very short correction. Just a thought

 

[TSPIntel]

Negative job grow. GDP under 1.5. Inflation pressuring to 3% Fed lowering rate. Fed Budget Congress Resolution etc. May cause a very short correction. Just a thought. Any idea? Any comments? Just curious of how the sentiment is bullish for the week. What am I missing?
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[JTH]

In 1997, as a newly minted Airman, I took Electronic Principles in Tech School. They taught us that electrical current runs from positive to negative. I asked my instructor to explain to me how he knows this, since we can't see it move. He couldn't give me a clear answer, but he did tell me "You don't have to understand it, but you do have to accept it."

Funny part of all this, "In 1897, we discovered that electrons are actually negative and move from negative to positive, but by then all the books and diagrams already showed current as flowing positive to negative, so the convention stayed."

That statement stuck with me and has provided me a much needed acceptance of issues I can't explain. Lately, I see the stock market is a lot like that. The economy is slowing down with inflation & unemployment rising, yet because of AI growth the stock market is still strong. Basically, the economy is the present while the stock market is the unfulfilled future.

It’s plausible that if the gap between the real economy and AI-driven market grows too wide, we’ll be ripe for a correction.