The Keystone Speculator's proprietary trading robot, Keybot the Quant, flips to the short side today at SPX 6856 as Pope Powell was spinning yarns at the podium. Stocks sh*t the bed when Chairman Powell said a 12/10/25 rate cut is not a foregone conclusion. Who uses the word 'foregone' anymore? If you say foregone a lot you will never be invited to fun parties but will be invited to the bingo hall.
VIX 16.70, XRT 84.17 and XLF 52.83 tell the stock market story; volatility, retail stocks and banks, respectively. The bulls need 1 of the 3 to turn bullish to stop any threat of stocks selling off. Bears need to keep these 3 parameters bearish and pull commodities lower to begin strong selling action in stocks.
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