🍔A Possible Turning Point

Are markets too optimistic on interest rate cuts?

The stock market moved up in extremely choppy fashion this week, pulled back and forth by several key econ data releases. We continue to chop around in this seasonally weak August-October period, with a potential turning point next week at Jackson Hole. Will it be the market catalyst to the downside? Let’s find out…

The rest of this article is for premium members. Today’s post covers:

• A new tariff in town

• America buys Intel

• Too early to cut

• Flows and positioning

• SPX technical analysis

• Our portfolio and key levels