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Every once in a while the markets reach a point – nosebleed levels – where the bulls feel like they have all the momentum… and the bears feel as though there’s nothing to lose.
This is what we’ll call a “crossroads.”
In this instance, though, there isn’t a pointer to clue you in on the direction and distance to your destination. You know, profitability. Surely there’s only one way there.
The question is whether you’ll take the bullish goat track or the bearish 10-lane superhighway. (After all, the exodus in a selloff is usually much more extreme.)
We’re at the crossroads again this week, courtesy of catalysts like the July 9 tariff deadline, an averted government shutdown, and, of course, the Big Beautiful Bill.
The July 9 tariff date really took away a potentially big move in the market for the bears, but they were rewarded somewhat with the warning letters the president’s team dispatched. The bulls likely view the BBB and the averted shutdown, plus some market-friendly policies coming out of D.C., as a boost for their case.
So tonight, we’re going to weigh our choices and get on the real path to profitability. Like the guy said in Indiana Jones and the Last Crusade, “choose, but choose wisely.”
Here we go…
