S&P Is Up 5% Over First 2 Days of the Month

I think a lot of people have gotten onto this idea that like no we're not going to see a fed pivot anytime soon. You know I don't think that thirty eight hundred S&P is probably a fair value right now. A lot of people see that now but I think when you get so many folks offside to the short side you can see a bump higher and these things don't go in straight lines typically. This has not happened very often like this has only happened like 14 times since 1960 and the six months after this has ever happened it's like 12 of the 14 examples where the S&P was up 5% over two days the market's ripped.

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