7/16/25 Recap

I’m sending this out early because its an important session. The SPY is losing the 8 ema, that’s your first warning sign and you’ll see changes I made to my book below. Tech is where you want to lighten up right now. The market did not like the news that Trump is on the cusp of firing Jay Powell by August 4th is the rumor. We are still over the 21, but that is now in sight, until that is lost it is still an uptrend, but 8 ema being lost today is my signal to trim. What comes next, who knows, but the President firing the head of the Fed with stocks at record highs is quite a shocker but Trump has repeatedly insisted on wanting a more dovish fed chair saying that Powell is costing us a fortune in interest with these high rates. The dollar is falling off a cliff now leading to a spike in Gold, Silver, and crypto. The big issue for me is if we really do fire Powell and send interest rates lower, you’re going to get an asset boom, there are trillions sitting in money markets that will look to exit if rates drop. Where does that go? Stocks, real estate, crypto so while short term the uncertainty is bearish, long term, this is nothing but more up and to the right on everything.

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