[WARNING] NEW FED SPOOKS MARKETS‼️

Hey, hey. What's up, good people? How you doing? Welcome to Stock Up with Larry Jones. Let's talk about this market and uh what happened today as the Fed was speaking at Jackson Hole. Uh Jackson Hole, Wyoming is a symposium or a meeting. It is not the same as the Fed FOMC meeting, but it has the potential to move the market just the same because the Fed is speaking. We do know by now that long as the Fed is speaking, the market will continue to tank. The longer the Fed speaks, the longer the market will cool off, unless he was saying something positive, which Feds rarely do. Um, so the market was uh spooked as he pivoted. Now, I was live in money moves. I'm going to share with you some uh winners at the end. I was live in Money Moves as he was speaking and I was navigating. But as I went back and listened to some of the speech, he was sounding uh a little hawkish, hawkish than most uh of his speeches didn't give forward guidance. Uh and a lot of people were looking for forward guidance from him. He said he's not giving it and um I have no problem with that. uh but he um was sounding hawkish meaning that he may increase uh interest rates. He even said that if he has to he will. He said if inflation uh remains sticky then he may. That caused uh bond yields to spike higher that caused the dollar to go up and stocks to go down. You guys know the correlation, right? But this time it also hit crypto. Remember this about crypto. Crypto survives in low interest rates, right? Crypto does not perform well with high interest rates. Okay, initially when it when it hits. Now, there'll still be a they there will still be a bull market even in a high interest rate uh environment. Let's let's be straight on that. But it's just uh Bitcoin is more bullish in lower interest rates. And if the Fed announces that he's going down with interest rates, then you'll really see a pop with crypto and Bitcoin. You know, now we know Bitcoin, you know, went over 80K, guys. We were just talking at 58K and now we're 80K. The question is, did you buy then? And if it should cool off, would you buy again? All right, let's go back to stocks. I'm switching on you. So, uh, the stock market, um, we had a cool off the Q's. If you were doing options, you made money doing puts on the Q's and the spy. Um, I wasn't able to, uh, trade the power hour. Uh, but as it stands right now for the short term. So, let me explain. I have a short-term or a micro outlook and then I have a long-term macro outlook. Okay? And my I may be right, I may be wrong, but I'm putting my money where my mouth is. And at this time, my money is going into my broker account, not in the bank, in the broker account. I'm taking this time to put more cash in my broker account. That's what I'm doing. And if we do uh start to fall off, right, the biggest fear we had this week um actually, yeah, in the last week is this uh Jackson Hole Symposium. That was the biggest fear and it it kind of came true because the Fed was sounding hawkish. Now you know about jawbon. We talked about that. What is jawboning? When the Fed could literally sound hawkish enough to move interest rates, right? And so it's not about the balance sheet. So you you got the balance sheet and you got interest rates. It's about interest rates. And he did state that if he has to raise interest rates to get inflation under control, he will. So data dependent, that's what he will do. Right? Is that the end of things? No. We've had that before. Remember, we had Fed Powell going on month after month doing all those uh quarter percent interest rate hikes. remember? And then he went on an interest rate cut uh after that. All right. And uh so that was started by him letting inflation get out of hand in the first place and printing all of the money with them. Sty checks, remember 2020 and 2021, and then inflation got out of control and then he had to take it back. The Fed giveth, the Fed taketh away. Okay. So, what am I doing right now? And what do I see? I see in the short term I'm bearish. I'm sorry bullish. And when I mean in the macro, in the micro, I'm bullish. I mean weeks. But as it pertains to months, I'm bearish. I'm bearish from here to October. I'm still bearish from here to October. I don't care what the market is doing. I am bearish from here to the end of October into Novemberish. Whatever happens first, either that time period or the market cools off enough. Okay? Either or. And then it will open up a buying opportunity. Now, just because I say it does not mean it's going to happen, okay? We know what AI is doing for the market. Blah blah blah. We know all of that. But you got to have a plan. And that's my plan. You can leave in the comments section what your plan is. That's what Larry's plan is. Okay. So, right now we have a strong stock market. Strong and a strong crypto market right now. Very strong stock market. But I believe we will still continue to cool off because most of the good news is behind us. We keep having month over month CPI, PPI. We already know what's happening with inflation. We know what's happening with the job market. Okay? Less jobs are being posted now. We know what's happening with the consumer. We have uh Walmart's numbers. We got Home Depot numbers. We know that uh people are putting their home projects on hold. We know that more people are using uh services like affirm which took off today. So, we did well in uh doing trading those options. But then comes October, I believe we'll have a cool off and then I'm bullish again. I'm bullish to the end of the year. So, do I know that this is going to work perfectly? No. You have to do your own due diligence and you have to do your own study. But I expect there will be a cool off and then I expect that we will actually end this year higher. So we could be hot for a few weeks. We can cool off until October, Novemberish, and then come back up at the end of the year. That's a lot of guessing. I get it. But you got to make a decision. Meanwhile, if there's no pullback, Larry's not doing any buying. Larry is doing options and you too can do options and make money. We printed bank today. It's literally they went to the vault, opened it up and said you guys come in, but the bank is going to close at this time. So you got to get your cash and go. So I want to show you some of the winners at the end. Come and join us in money moves. learn a new skill right now while the market is doing what it's doing and you can print bank for the rest of your life. Okay. So, yeah, we are going to be uh speaking uh at the Obama Senate tomorrow here um in Chicago in the Shai and then next week I will be in Lombard the following week. Okay? And um I will be talking about that in a later video. Okay? So, we're going to see you later. Make sure you go to more on your phone or your computer at the bottom of this video. Hit description and tap that top link that says money moves. Come learn and earn. We'll see you later. Hey baby.