I think it's a short-term anomoly. Just wait until the 9/18 rate cut.

While admittedly, the pullback and volatility spike both exceeded my expectations in the short-term, the rebound is completely consistent with my recommendation to buy the dips. The positions I bought at Monday's open are +21%, +14%, & +9% respectively.

Now that's what I call a rebound! From last Friday’s close to the opening low on Monday, the SPX had fallen 227 points (-4.2%). At yesterday’s close the SPX was only -27 points for the week.

randyfrederickmedia.com The Weekly Trader's Forecast for 8/9/24 is now available.

Not yet. I expect the market finish near a new all-time high at year-end.

While my year-end outlook (SPX 5,800) hasn't changed at all, I took a few small profits off the table today. Sometimes it's good to do a little bit of harvesting.

The Weekly Trader's Forecast for 8/16/24 is now available at randyfrederickmedia.com

The last 36 years has been a lot of fun, but I am now officially and fully retired; effective 9/1/24.

It's still early, but I haven't missed going to work yet.

Yes.

Only 1% to go, and 3 months to do it in. Slam dunk!

This is my new role; part time motorhome pilot. This was always the plan, but we were fortunate enough to start 5 years sooner than expected.

But it's a great day to buy bonds.

thanks so much.

And my year-end target has been reached; 2 1/2 months early.

It's a blast

Agreed.

No. It's a Foretravel IC37 Diesel Pusher. We are half-timers and enjoying it very much.

40 on the $VIX is the PANIC! threshold. Last seen exactly 5 years ago.

On an intraday basis, you are correct. Perhaps I should have said, "the last time it closed above 40". Perhaps it will do the same today.