Traders and investors will play the interest rate cut narrative.
We already see USD moving down sharply in anticipation
Here is what will happen tonight during US tradjng:
1. Nasdaq will selloff sharply but dow will rise. Because investors dump overvalued tech stocks to move tk easy interest rate sensitive plays like REITs, developers, small cap stocks.
2. USD to plunge it has been unusually strong due to high interest rates so lots of meat for vultures to feed on.
3. I have shorted Nvidia and thinking of whether to short tesla. Tesla is overvalued but Elon loud mouth can cause the stock to suddenly move up.
4. REITs and cruise liners stock have high debt will be shooting up cause lower interest rate coming. Stocks.like Carnival, Royal Carribean will go up. Real estate reits like Alexandria and SL Green realty will continue up.
5. China tech stocks ADR will suddenly move up because Yuan rise against USD....this will trigger trading robots to buy China ADR listed on NYSE and Nasdaq. Baidu will surge up because it was heavily shirted for 2 days.
Let's see which of my 5 predictions above come true....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.