A quick reminder for those who forgot: inflation is at 40 year highs and the Fed meets tomorrow and Powell gives a press conference on Wednesday. It’s very likely that he will indicate that the Fed will be acting more quickly to get inflation under control. What does this mean? LOWER PRICES including in the stock market. Look at stocks with HIGH VALUATIONS! They will lose the most! Today’s biggest losers were companies with the highest valuations such as Nvidia and Tesla! Make no mistake, this is just the beginning! A few more down days and we'll be seeing margin calls triggered by Friday resulting in a bloodbath as those on margin are forced to liquidate their shares! We’ve seen this movie before! It happened 3 years ago on Christmas Eve! Be prepared! Start raising cash now!!!
Enjoy!
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