Market Look

First off, if nothing changes into the open, the DOW would have dropped over 2,000 points in just over 11 days. You never know when counter-trend moves occur. They do occur often from big down openings like today. We are never surprised these days by near-term reversals but can never predict one. Just stating facts….

BY GARY KALTBAUM- MAY 4, 2022 We have been warning you since Christmas 2018 when Jay Powell stopped raising rates only because markets were dropping. We warned you when he kept lowering rates in 2019 every time markets dropped. We warned you when Jay Powell started his “Don’t call it QE” October 2019 when GDP…