Stock Market Jumping | Bull Trap?

hey everyone amit kevin here so

obviously the market is rallying

substantially today why is the market

rallying is this a bull trap and do we

think this will continue well i have a

suspicion i'm going to talk about it

right now but first i'm going to mention

that jack's birthday is august 31st

which is also the day that the jack's

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below okay folks so here's the thing

i believe because we've got

jerome powell and a massive event coming

up thursday friday saturday with jerome

powell speaking virtually on friday at

the jackson hole symposium about the

state of the economy

i believe that last week the market

priced in the worst potential scenario

the market has a lot a lot of money and

we can see this by looking up the

treasury reverse repos so all you have

to do is type in treasury reverse repos

saint louis fred into google i will show

you this

and you could get to this first link

here overnight uh reverse repurchase

agreements and you'll see over here this

number has literally

skyrocketed we are now sitting at a

record high an all-time high we've never

been this high in the repo market

reverse repo market of 1.1 trillion

dollars 1.135 to be more exact and

what's incredible here is this is a sign

of banks and institutions having massive

amounts of money the market last week

saying well we've got uncertainties

about supply chain shortages you know

what about inflation uncertainties what

about afghanistan uncertainties

what about taper uncertainties

but all of those fears seem to likely

have been priced in last week which is

weird because the market still didn't

fall a full five percent in the s p 500

which means we're still in this insane

rally and we have not had a five percent

correction in the s p 500 since

september of last year potentially why

because literally any time the market

starts pricing in these uncertainties

people come and start buying the dip

after all i sell a shirt you probably

see the shirts down below or somewhere

if you scroll over they'll buy the dip

shirt people are literally buying the

dip institutions are buying the dip

because literally tina

there is no alternative like what else

are you supposed to invest in right now

it's kind of kooky it's kind of crazy

now

personally i've been a big fan of rcc

but i did make a purchase this morning

i'm not ready to say exactly which stock

yet i did send a message out to

everybody in the stocks and psychology

money group but i put 300 000 into a

stock that's got some signals coming up

that look really really really juicy

everything's aligning perfectly for it

once i'm finished buying i'll probably

make a larger video on it just going

more into detail when i have time uh but

anyway

what i think is last week market price

is in okay whatever we got supply chain

issues we got chip shortages we got

these issues well what are companies

like walmart doing they're hiring their

own container ships they're literally

sponsoring or chartering their own ships

to bring their chips over or not just

chips but all their supplies over so

they don't necessarily have to deal with

all of the congestion uh

with cargo ships or the insane rates

that uh containers are now charging or

able to charge which is insane uh some

people are paying twenty thousand

fifteen to twenty thousand dollars for a

container usually containers are two to

three thousand dollars sometimes as low

as fifteen hundred dollars it's crazy so

a lot of bad news baked in last week

especially after the really hawkish

federal reserve minutes came out where

the fed's like yeah yep we've had

substantial further progress time to

taper the problem is now we got delta

and i think the market's like wait a

minute delta means there's a good chance

jerome powell is saying we've got an

uneven recovery we still haven't gotten

everybody the jobs back who want to

participate in the economic recovery

keep in mind that blacks and hispanics

are disproportionately affected by job

losses in the services industry and

jerome powell is a big fan of making

sure that everybody has the opportunity

to participate in a market recovery and

one way they can assure this is making

sure they maintain easy money policy for

longer especially if inflation starts

inflecting down today we had ism

services numbers come out big miss a big

miss in service spending and last month

when we were actually earlier this month

when we had cpi data come out we didn't

actually see cpi data for things like

rents or services come in as high as we

thought we thought we'd have a lot more

inflation so we're so we actually might

be on this path of really seeing

inflation reflect downwards we'll know

more based on not only what jerome

powell says this week when we start

getting data at the beginning of

september and we might be potentially

heading into this market where folks

what happens if institutions and banks

actually turn on the leverage what

happens when they actually take all the

cash they're holding on and they're like

screw it get in the rally

could be that insane euphoric rally so

i did buy 300 000 worth of stocks today

uh my stock that i bought was up about

two percent yeah it's up a little bit

more right now but uh i can i'm tempted

to buy some more we'll see what happens

i'm watching the market very closely i

will keep you updated we'll do our

market uh closing live stream soon check

out the programs down below if you want

a sneak peek in terms of which stock

this is and i even did a six and a half

minute intro this morning on our course

member live stream breaking down exactly

why i feel the way i do all right folks

more details coming soon thank you so

much for watching this it's crazy market

but could the rally be here to stay

it could be also worth noting that the

rally is obviously extending to crypto

as well crypto has been doing very well

especially something that we've been

buying pretty decently 88 cardano wish i

got more but we did see a little bit of

a pause start within the last couple

hours here in the cryptocurrency market

so this could potentially just be

another buy the dip opportunity

especially if we end up falling down to

something like that a 200-day moving

average would be somewhere around forty

eight thousand five hundred seventy four

could potentially fall down to forty

seven thousand depending on if this

downward trajectory continues uh but

right now we did break up to a high on

crypto of fifty thousand five hundred

twenty seven sitting right now at about

forty nine thousand five so we'll see

what happens but uh definitely got eyes

on btc eth and uh aida uh cardano which

is almost three dollars

crazy we were buying it for one dollar

crazy market thanks so much folks

appreciate you watching check out the

programs down below and we'll see you in

the next one

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