I wrote this in the article of the week end of June.
Those were my expectations for the inflection once that CPI print came out and we got the cover for September rate cuts. That’s being “smart money” - no call sweeps, no MACD, no nonsense.
We alerted that XHB 0.00%↑ a month ago then added to it today - AST Alert members crushed it.
We own multiple legs on that.
It’s one thing to draw a chart it’s another to execute and extract all that it has to give.
RH 0.00%↑ made a $100 move off the lows as well.
RACE 0.00%↑ brokeout and made new all-time highs
And so far - my idea that the economy is bifurcated (not that it always has not been) and getting worse is starting to confirm.
But we’ll see how the data post rate cuts go, that will be the clue.
For now, this was another example of being ahead of the curve and another example why you should stop trying to pretend to be an analyst and subscribe to the report.
Congrats to those in the AST Alerts - more to come.