yeah we are seeing a bit of a rally here folks

the bottom line is that this week's sell off was based on a Jerome Powell press conference that the market was confused on how to interpret

the economy was doing too good, the fed said to not get too aggressive with cutting in 2025 (not to actually stop cutting) and based on the movements i saw...high frequency trading algorithms came in to shake out weak hands

were some stocks extended? sure

but did $HOOD need to go from $40 to $34 after one of their best months ever? no

did $SOFI need to go from $17.15 to almost below $13 after hitting 10M members? no

did $NVDA need to go from $135 to $126 even with earnings expectations of $40B in revenue in Q4? absolutely not

this entire move this week to me was based on the market looking for ANY reason to pull back and create better entry points

it wasn't an August 5th, and there is probably still going to be some volatility, but almost everyone is waking up right now around how ridiculous it was to sell off stocks off a fed press conference when WE ALL SAW the amazing Q3 numbers that these companies put up last quarter 

are you really selling off $META because of the 10-yr pricing in not as many cuts next year when the 10-yr has no clue how many cuts we will actually have?

there was no structural problem in the economy to cause this sell off, was probably healthy to get a pullback and anyone who could see that nothing had changed between monday and when Jerome Powell spoke on wednesday likely could easily decide that buying the dip was not the worst idea 

kinda just had to control emotions on this one and remember that earnings growth is really what determines the value of these companies long term