Good Tuesday morning. From the bear market lows of 10/13/22, and birth of this new bull market, we made the decision to avoid becoming too myopic…to stay focused on the long-term opportunities of this generational bull market. While we’ll continue to use opportunistic set-ups to take trading profits along the way, it’s our "base case” that will continue to ground us.

It’s also why Tyler and I rely on the work of others. Like-minded, smart-money market-watchers that catch things we may not. Rich Ross, the CMT at Evercore is one of those people. Ross has been locked into this bull market like few others and as you can see below, he remains overtly bullish. 

The Tide is Turning; Rates Are Headed Lower

As we’ve been covering (often), it’s becoming increasingly obvious that the Fed has kept rates too restrictive, for too long. No, the economy isn’t falling off of a cliff…it’s not going into a recession…but it is becoming clear that Fed rate cuts are nearing. In addition to ...