Dow pierces 40,000! – but where was all the hoopla? Market still discounting multiple rate cuts in 2024 . No Eco data today – Focus will be on NVDA’s earnings next week. Bonds steady, Oil up, Gold steady. Execute on the plan, eliminate the noise. Try the Chicken Cutlet Milanese.
So, what it tells me is that the next move is most likely lower, so being patient is being prudent. Remember – you are invested…. if we go higher – YOU are participating…and if we go lower, you can take some of that cash and use it to dollar cost average allowing you to be more discerning when allocating new money to stocks. Now keep your eyes on the VIX – yes, right now it is at near historic lows – at 12.
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