Thoughts for Thursday 5/4

Fed is done, We are still at upper end of the 400 point range since forever.

As usual we stayed on right side of the market. I don’t call tops and bottoms and that’s not the way to make money in the market. You just need to be ready to switch sides and be on the side of the higher probability outcome and when probably shifts you go on the other side. Its similar to any other game, you want to increase your odds of winning and when wrong cut the losses.

Here is what I posted on twitter which pretty much sums up what we did.

Econ Tomorrow:

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