Premkt watched two videos. One Larry Williams talking the mkt, touted as correction coming it is actually very bullish. He thinks 2nd half June will be down but big thing is when inflation peaks the stk mkt goes up. And we have had the biggest peak in inflation this century, we are way down from peak. It is compelling. He is negative on gold till August. Starts on inflation thing below in comments, not sure if YouTube links allowed here in posts.
Yesterday huge rotation QQQ down IWM up, over 3% at times. Today correcting so far, but Carter Worth has picked up on it. He shows we are all the way back to the Covid Crash extreme of IWM underperforming QQQ low. What ensued after that for next 9 months is the best investment returns I have ever had, from about -30% to +289% in 9 months.
You may find these worth watching. Will link below. Titles are Larry Williams Special – Market Correction is Coming (06.06.23) and Carter Time to Buy Small Caps?
And 3 times this week SPX has broken the New Bull Market level intraday, including today, but no closes over yet.
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