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The rate-hike chatter is real, here's what I'm wathching
Monday's ISM manufacturing came in at its hottest since 2022, and futures markets actually moved to price meaningful odds of a Fed hike later this year rather than a cut.
After enough years watching tape, (36 years .. so far) .. you learn that how a market makes new highs tells you more than the highs themselves.
What I keep coming back to is this. A market that climbs on fewer and fewer names, while strong data turns into a rate worry and oil refuses to settle, is not a fragile market yet... but it is a tired one.
If that makes you uncomfortable there are several things you can do.. now... today.
For the record.. I am not a bearish, just cautious, and mostly looking for the hidden opportunities.

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