DailyPlay – Opening Trade (TSLA) – October 22, 2024
TSLA Bearish Opening Trade Signal Investment Rationale...
Read MoreYesterday’s economic data was a roller coaster for investors. CPI came in cooler than expected and bonds and equities rallied across the board with sizable gains, however the Fed struck a hawkish tone and suggested only 1 rate cut was expected for 2024. Bond and equity markets largely shrugged off the Fed’s rhetoric and continues to price in 2 cuts for 2024. This becomes challenging as it’s difficult to fight the clear bullish trend, but we’re fighting the Fed. We’re going to close out our KR short position for a profit and reducing our short exposure significantly before the end of this week, given the strength of the market.
TSLA Bearish Opening Trade Signal Investment Rationale...
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