Remember – form your story. This is what I see – the market is bolstered by some rare optimism here – earnings season has kicked off much better than expected, especially among Tech. As usual the issue with SNAP is an issue with SNAP and not a harbinger for the rest of the sector (when will they learn that SNAP is just run like shit?) – Atlanta GDP numbers were revised upward (which may strengthen the resolve of the FED on rate hikes) and there is signs that inflation is beginning to wane – which makes guidance for these companies even better – The FED may screw things up through the sheer force of Powell’s charm and devilish smile, but at the moment all that money on the sidelines is beginning to find a home with some equities.
October 5, 2022