Good Wednesday morning. From the 4/7 bear market lows this market has shown remarkable similarities to the 2020 (plandemic) v-shaped bottom. Yesterday, the Nasdaq 100 hit an all-time closing high with the S&P 500 now just 1% from ATH. We continue to expect the market to surge higher. Evercores Rich Ross (at bottom) reminds us that July has been the best month for stocks over the last 20 years.

And yes, we do expect the Fed will start cutting rates, quite possibly beginning at the July Fed meeting. If you watched J Powells testimony yesterday you saw a man that said pretty much exactly that; “if we don’t see signs of inflation over the next 1-2 months, yes, we could start cutting sooner than expected.” We’ll also be watching Powells testimony today (Senate Banking Committee), where we hope and expect to see Powell grilled for being what he is; the worst Fed chair of our times. 

Nasdaq Seasonality Turning Bullish

From JP Morgan: "We are entering positive seasonality for the ...