Week of June 3
50ptmae.substack.com
Recap of last week
Crazy week last week as we witnessed some extreme volatility towards the end with the SPX moving 100 points in the last couple of hours.
We missed on a couple long trades during mid week but rebounded in a huge way on Friday.
Right when all the weak handed bulls capitulated we took calls around EOD that are already up 4x and could be much more come Monday.
Returns in the market are not linear as probably 80% of the moves happen in 20% of the time so you must always be ready.
We also warned how unwise it was to be bearish on PCE day for multiple reasons. Next week is huge as its the start of a new month, the NVDA split, and how the market digests the late day spike is pivotal.
Next move for markets