🍔New Position Entered

Explosive action from Powell's speech at Jackson Hole

What a crazy week it’s been. It started with the selloff we've been warning about for several weeks. Since late July, we’ve warned of bad autumn seasonals and a broad rotation out of tech stocks. Our Skew indicator (which has high accuracy for pinpointing market peaks) was flashing red. The market sold off for 5 days in a row, led down by Mag 7 and technology stocks.

Then on Friday we had surprising news from Powell who announced a pivot to the Fed’s policy stance. The markets exploded to the upside; this is a key pivotal moment that signals a green light for market rotation. We made a major change in our portfolio to capitalize on this trend.

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

• Tech selloff and momentum crash

• Powell pivot and small cap short squeeze

• Q2 earnings results are in

• Economy too strong

• Our newest position entered