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The Nasdaq was down BIG early Thursday morning, and it’s well beyond random…
The market, however, rallied after a blowout GDP number of 4.9% for the third quarter, well above the Q2 number of 2.1% and above expectations of 4.7%.
We just got earnings for Meta Platforms, and it’s now trading below its 100-day moving average, even after beating expectations — not good.
The bond market (TLT), meanwhile, is still super bearish because it means rates are going higher…
And that means the market is doing the work for the Federal Reserve.
Looking at the S&P 500 (SPY), I don’t think markets will be too bullish at least until after Amazon reports earnings after the close today.
In today’s all new video briefing, I’ll discuss how to navigate the current market drop… the catalyst Wall Street is watching… if the Fed is in focus or if earnings are taking priority… which sector is strong and why… which sectors I would stay away from or short right now… get all the answers in today’s all new video!
P.S. He’s Hit HOW MANY Straight Wins?!
One of our brilliant traders, Jeffry Turnmire, has hit on 64 straight winning trades.
While you may have missed out on the 40th win… the 50th… even the 60th…
Are you really going to miss out on what could be the 65th win in a row?
Do NOT make the same mistake again!
My good friend Tom Busby is sitting down with Jeffry at 2 p.m. Eastern TODAY to learn how to get in on the very next trade!
They’ll also reveal the ticker behind trade No. 65…