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. And We're Yellow Again... With Markets Shrugging Off Common Sense...Markets squeezed in a traditional reversion trade... Seven sectors are negative...
Good afternoon: I don’t control the markets… and this is a Stanley Druckenmiller special… You’ll recall what I said about Druckenmiller in 2018… There is a total lack of trend in these markets. And when we push down into the third standard deviation of price, the algorithms get to work… The S&P 500 SPDR ETF (SPY) cracked right back, adding $8.00 today from that third standard deviation line of one-minute Volume Weighted Average Price....
The S&P 500 is now positive on the day. It’s incredibly hard to be bearish in a world of loose monetary and fiscal policy… We’re yellow and turning green… We’re shrugging off trade disputes… the same way that we shrugged off nuclear weapon launches a decade ago. There’s only one explanation… BRRRR… I’ll report back… But I’m still INCREDIBLY cautious… The fact that Carvana (CVNA) is up today in a sea of bad news is remarkable. If this economy goes sideways… CVNA could go the AIG route via 2008… There… I said it… 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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