Newsletter 01/21/2024

Newsletter 01/21/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
January 21, 2025

Quote of the Day: “Greatness and madness are next door neighbors; and they borrow each other’s sugar. You don’t get there without the other.” — Joe Rogan

SPY Thoughts: I am expecting the next four years to be a market of large range. Things breaking constantly. Large whips etc. Until proven otherwise this is how I am approaching the market.

I also thought this was interesting from Druckenmiller: I tend to align with Druckenmiller here (not saying my opinion holds a candle to his lol). I think the healthiest price action would be a market that pulled back pretty hard and started the climb back up. Reset some of those fundamentals / technical that are getting into serious levels. Anyway, read and let me know if you have any thoughts.

"I've been doing this for 49 years, and we're probably going from the most anti-business administration to the opposite," Druckenmiller said. "I'd say CEOs are somewhere between relieved and giddy. So we're a believer in animal spirits."

“On the stock market, however, he said it's "complicated." "You're going to have this push of a strong economy versus bond yields rising in response to that strong economy, and that kind of makes me not have a strong opinion one way or the other," he said. Druckenmiller said the ratio of the earnings yield to bond yields was the most unattractive in 20 years.”

No interest: 599.45 - 601.1

Above Targets: First target is 601.78 Second target is 602.49 Third target is 604.2 Reach Target is 606.7

Below Targets: First target is 598.49 second target is 596.94 third target is 595.72 Reach Target is 592.36


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GOOD LUCK AND BE SAFE

H.H

“Hazard Zet Forward”

PLEASE READ: I am doing this because I love the community and enjoy talking about stocks. I have a right to talk about stocks and I’m going to do just that. Nothing is advice. I am not a financial advisor. This is not advice (seriously, i mean it). I am not a pro. I could be buying or selling any ticker mentioned at any time. One more time - I could be buying or selling any ticker mentioned at any time. I will do what I want and I want you to do what YOU want. Any money made / lost is the result of your personal decision - “Daily Newsletter” “Hugh henne” “Mitch Hennessey” or anyone / anything connected to any of those are not liable.