Trader predicts HUGE Tesla shocker
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Trader predicts HUGE Tesla shocker (go here to see)
See why he's telling everyone around him to take action before January 24th. Go here to see this now.
by Ross Givens
Hey, Ross here. I gotta hand it to Powell – he didn’t screw it up for us for traders for once. In fact, he actually managed to do the opposite.
Chart of the Day
The Dow is now at an all-time high.
The S&P 500 is less than 2% of its all-time high and has just breached the 4,700 mark.
The NASDAQ is at its highest level since January of 2022.
US 10-year Treasury yields look about to fall below the 4% mark.
We’re in a very good spot.
Why?
Because the Fed just told the market it could cut rates three times in 2024.
This is great news…
But there’s one big caveat – you can’t wait to act.
I explain why in the Insight of the Day.
Insight of the Day
Much of the positive effect of the 2024 rate cuts on stocks will start happening NOW – before the rate cuts actually happen.
Stock prices trade based on expectations.
So now that the Fed has said it would slash rates multiple times in 2024…
Markets will start pricing in this positive effect NOW – before the actual rate cuts happen.
And this means if you want to ride the Fed’s “rate cut” rally – you have to get in position now, not later.
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