Good call Digi, I also noticed he avoided every question regarding rates decreasing next year and just kept going back to how inflation is easing up and hikes might be over, but he never truly said "yes, rates will be cut at some point". He's gotten very good over the last 2 years at being politic and not saying anything that would cause hysteria or hurt his image. They really could see turmoil ahead but they would never say that straight up, especially at year-end. Everything looks amazing in our economy, why would you lower rates? A 5% Fed Funds rate might be the norm going forward.

Not SPXS....   I own plenty if you want some.

I'm short and probably the worst trader to have joined this community, I'm losing my ass. I need to never do another trade on my own and just follow these systems.

Sorry for venting but this run has been so rough on me the last few weeks...

what the hell was mentioned in that statement?!?!?!?!

Looks like you are on track Digi, we only go UP!

I hope so too  . Everyone crank their heat up to 75 degrees, your wives will appreciate it LOL!

You're probably exactly spot on Digi, my entire port would blow up by then.

Agreed, we'll continue to rally until I buy back in like srusso1

Not sure when to stop the carnage and accept my losses, I'm in deep on UNG...

Nonfarm payrolls came in HOT, unemployment dropped and hourly earnings hit the forecast. Why in the hell would the Fed cut rates when the economy is this strong? The markets make no sense lately.

Not when I'm long UNG haha! I also live in Chicago so I can withstand any winter.

Sadly! This winter is starting off very warm and it's killing me.

They've already priced in 4 rate cuts for 2024 and I'm thinking that the Fed has no reason to cut rates when the economy looks strong on paper. GDP was just over 5%, unemployment is low, people are still spending their money like Congress regardless of racking up debt, why would they cut rates anytime soon? You cut to boost the economy when in trouble, not just to appease the citizens who want to refinance. Leave the Fed Funds rate at 5.5% for the next few years IMO.

How many more unfilled gaps can the SPX create until it gets sucked all the way back through them?

UNG has fallen off a cliff and about to make my wife a widow...

Let's pray for one bitterly cold winter (those that are long here)!

You spoke too soon, just popped 0.15 off that ATL of $5.83

Still worth $1.2T, they'll be fine   

AI went from +6% on the day to -3% in a few mins, something happened there.

Several window jumpers?!?! Where was this? To be worth millions in the 70s was YUGE, that would be 8x in today's value. I couldn't imagine even risking $1M today but I lose so much each year that I'll eventually get to that amount.

Side note, you must be in your 70s or 80s if you were working in the 70s. That's cool that you're still sticking with this game!