Thursday, May 30, 2024

GDP Numbers Released

will markets pop or drop?
 
   
     
JEFFRY TURNMIRE’S MORNING MONSTER
GDP Numbers Released
 
 
 

The preliminary GDP numbers for Q1 of 2024 are out in the pre-market and the market is digesting them live. Are we popping or dropping?

Plus, tune in to find out what stocks are moving this morning… and get Jeffry’s top plays for the day!

 
 
Watch today’s Morning Monster Now!

P.S. Click here to subscribe to Jeffry’s YouTube channel completely FREE — and you’ll never miss another episode of Morning Monster again.

 
 
 
Unlock the Weekend Gold Rush!

Why wait years for gold to make massive moves…?

When Jeffry Turnmire has perfected a weekly strategy that has you in and out in just 3 days!

This brand-new, rigorously tested strategy is designed to catch massive moves in just a few days!

Discover the power of the Weekend Gold Rush!

 
 
TURNMIRE TRADING NEWS MINUTE
The Interest Rate Crystal Ball
 

It's funny how things work.

Back while the Fed was still raising rates, and traders everywhere were salivating at the thought of 3 or possibly even 4 rate cuts in 2024, Jeffry was warning that the excitement was premature.

According to his read of the situation, a rate pause was the best case scenario.

But a rate hike — which almost no one was talking about — was still a very likely scenario.

See, the market likes to think that the Fed is setting interest rate policy, but according to a chart Jeffry shared, it's more like the Fed is constantly chasing the market rate.

Take a look at the chart below.

The blue line shows the DGS2, which is the market rate for 2 year Treasury securities.

Notice how it always leads the yellow line, which is the Fed Funds rate?

 
 

It’s almost like having a crystal ball for interest rates!

So what is the DGS2 telling us right now? Not much.

It’s remained more or less constant since the Fed Funds rate caught up with it in March 2023.

Jeffry did warn, though, that once the Fed funds rate catches up with the market 2 year Treasury rate, “we're in for a world of hurt.”

Now that we’re effectively there, what could that “world of hurt” look like? Is it a recession? Or maybe the “hard landing” the Fed has been working so hard to avoid?

Only time will tell… In the meantime, you can catch Jeffry’s insanely accurate read of the situation in these two broadcasts:

 
Morning Monster, September 6, 2022 @ 2:31
Morning Monster, March 7, 2023 @ 3:54

— The Jeffry Turnmire Trading Team

 
 
TURNMIRE’S TOP TRADERS
Amplifying Gold’s Moves
 

Gold’s recent surge has been met with a lot of fanfare and excitement.

But if you calculate from its low back in October 2023, gold is only up about 30% give or take…

But Jeffry has a way of finding “hacks”… and one of his latest public projects is a way to leverage gold’s weekly moves.

It’s a dead simple trade that potentially triggers every Wednesday and targets gains of 50% or more.

Alan was in the trade just 2 weeks ago, and dropped in to thank Jeffry for the nice 58.8% winner he nabbed in less than 2 days!

Congrats, Alan!

 
 

— The Jeffry Turnmire Trading Team

Disclaimer: Regardless of what Wade says, be aware that all trading involves risk. Past performance is not indicative of future results and you should never risk more than you are willing to lose.

 
 
   
 

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