You are a free subscriber to Me and the Money Printer. To upgrade to paid and receive the daily Capital Wave Report - which features our Red-Green market signals, subscribe here. Our signal on the Russell 2000 is RED. Our S&P 500 has moved to Equilibrium, and some short-term covering this morning could start us into a situation where we see lower highs and lower lows throughout the day…
Good Morning: Well, a lot has changed in 48 hours. The S&P 500 and the Nasdaq took violent turns. But it was the Russell 2000 on Wednesday that served as the barometer for a market that was long overdue for a narrative shift. As I’ve noted this week at TheoTrade and the Capital Wave Report, it’s been a pronounced weakness for consumer cyclical stocks and small-cap stocks that showed extreme weakness across the markets starting on Tuesday. As I’ve noted, there’s no such thing as coincidence… While we’re in the early innings of this downturn, any strength in the U.S. dollar in the coming days could be daggers for the equity markets. Now, you know that we have rules for negative momentum if we get there. But we also have to think about what it is we want to own when we:
So, let’s put a quick list together here…
I’ll circle back this weekend with a recap of what’s going on in these markets… and we’ll do our best to make sense of the New Fear. Stay positive, Garrett Baldwin About Me and the Money Printer Me and the Money Printer is a daily publication covering the financial markets through three critical equations. We track liquidity (money in the financial system), momentum (where money is moving in the system), and insider buying (where Smart Money at companies is moving their money). Combining these elements with a deep understanding of central banking and how the global system works has allowed us to navigate financial cycles and boost our probability of success as investors and traders. This insight is based on roughly 17 years of intensive academic work at four universities, extensive collaboration with market experts, and the joy of trial and error in research. You can take a free look at our worldview and thesis right here. Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.
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