S&P 500 rally, DIA vs. QQQ, perma-realism and tech giants' important earnings
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 30 July 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
Transcripts on Seeking Alpha
Show Notes:
S&P, Nasdaq, Dow's Problematic Construction; T-Bill Rates And Yield Curve Creep
Busting Today's Market Myths With Matthew Tuttle And Rob Isbitts
QQQ: FAANG Dominance Is Hurting Equal-Weighted ETFs Like QQQE
Wall Street Breakfast Catalyst Watch: Jobs Report, AAPL, MRK, SBUX Preview
Wall Street Breakfast Twitter
Transcript
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| 0:00.0 | Welcome back. My co-host, one of the sharpest investors I know. My friend Matthew Tuttle of Tuttle Tactical Management, |
| 0:07.3 | he is not only a seeking-off a contributor. Well, he's that guy who took on Kathy Wood's Arc- EDF by creating an EDF called SARC, which I happen |
| 0:15.7 | own personally right now, one of my inverse positions. |
| 0:19.7 | That guy who created the inverse Kramer-long-Krammer E-T-FTS. See Matthew wouldn't want to talk about this because he doesn't like to brag about what he's done, but I can I can brag on him. |
| 0:29.4 | And I am again Rob Isbits. I'm a Seeking Alpha contributor quick alert a few thousand of you thank you have gotten a NOAA says a modern income investor |
| 0:39.1 | We're going back to our roots Sun Garden Investment Publishing. |
| 0:43.2 | We're going to do our best impersonation of the Fed. |
| 0:46.0 | By that, I mean, we're going to just keep poking at the bear |
| 0:48.7 | until something breaks, okay? |
| 0:50.8 | That's right up your alley. |
| 0:51.8 | You ready to break something today? |
| 0:53.8 | I'm ready to break a lot of things. |
| 0:56.0 | I don't care that the market's rally and I'm talking S&P 500 here is supposed to stop. |
| 1:02.1 | I'm a technician for 43 years. |
| 1:05.0 | You are somewhere in that neighborhood, |
| 1:07.0 | you're a little younger than me. |
| 1:08.0 | I see a shift going on right now. |
| 1:11.0 | I have been tracking this shift on seeking alpha. I mean look I |
| 1:15.5 | read 160 170 articles since like November or something. The ones that I would say |
| 1:22.4 | I am most proud of are tracking this QQQ |
| 1:27.4 | versus DIA, you know, I'm an ETF wonk, okay? So the cues and the DIA, and to me, this is what is helping the spy continue to drift higher, because just when the cues stop running straight up like, you know, like a |
| 1:48.8 | firework on July 4th, okay? And then it crests. Well, and for a lot of reasons, my guess is this is probably |
... |
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