What the Dot-Com Bubble Tells Us About THIS Bear Market

[Midday Momentum] [Join the First Inside Money Trader Live Trading Session for $49]( On Tuesday at 3 p.m., Mark Sebastian is hosting the very first Inside Money Trader live session, where he'll show you what the biggest traders on Wall Street are targeting right now... and how to copy them. You can get access to this session for just $49 a month - [click here to learn how](. --------------------------------------------------------------- Monday, August 08, 2022 [What the Dot-Com Bubble Tells Us About THIS Bear Market]( By Garrett {NAME} Improving Sectors: Consumer Cyclical, Communication, Materials, Real Estate Weakening Sectors: Technology Watchlist: TRU, AAT, SPY, XLU Dear Reader, The markets continued the bear rally dating back to June 17, when the S&P 500 sat near oversold territory. June's options expiration week coincided with the largest amount of hedge fund selling in 15 years. It was "Peak Fear" and showed that even fund managers with decades of experience could trap themselves by overly shorting the market. As a result, a squeeze remains in place, evident by the massive move on the SPY last Wednesday. We noted that the SPDR S&P 500 ETF (SPY) hit 31.5 on the 14-day relative strength index (RSI) on June 17. Today, it's almost 66.5, and the S&P 500 Volatility Index is approaching 20. It's time to be contrarian... right? Many people think that the worst is over - even though the 35-day rally came in a very low-volume environment. I've discussed that very few negative catalysts exist for the market in August. The Fed won't hold another rate hike meeting until September (although the central bankers will meet in Jackson Hole, Wyoming, this month). No "emergency rate hike" is likely coming. The July employment report was substantial - on the surface. We've recovered all job losses since February 2020. Wages are surging, and many job openings remain for anyone looking. So the White House took a victory lap. Under the hood, I have issues with the U-6 rate, the number of part-time jobs shifted from full-time work, and the wage-inflation spread... but a good report still. The only possible surprise would be this week's CPI figure, which I'll discuss in greater detail soon. But I want to take a step back and show a chart. It will change the way you think about the 2022 market. [Click here to continue reading the Midday Momentum letter.]( Sincerely, Garrett {NAME} you miss the show? No worries, we've got you covered. You are receiving this e-mail at {EMAIL}, as part of your subscription to Midday Momentum. To remove your email from this list: [unsubscribe here](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Midday Momentum | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ‑ Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions]( [sg_hidden_unsub]