UPDATE September 21

if you've been resisting the bear, It's time....

to protect your assets. Actually, the time was last month or the month before that, but anyway. Nothing good is coming. Nothing safe while everything gets adjusted for the higher for longer rate environment. If you followed me, you knew this was coming.

The FED changed their outlook for rates with higher projected rates for a longer period of time. They extended their rate projection for 2 years as well as took away 2 of the previously projected 3 rate cuts next year.

in my July 2 post, I said the rally would go to the end of summer. I also said rates wouldn't stop rising. I explained why all this would happen. It's happening.

I have been expecting a bounce, but there are no buyers for any bounce. The market has just passed through supports. In my last post, I warned of some big red days where nothing will be safe, just red. Get ready for some of those.

I want energy and materials, including precious metals, especially platinum, during the bottom. I expect a bottom to energy and metals, possibly in October. The markets will get bounces, including a relief bounce soon? but I do not expect a decent bottom until November. No new highs. Down from here.

I don't know how much of a bounce we get, I expected a decent one at 363, but that didn't materialize. Jobs get released an hour before open. this may give us a bounce. I doubt it because the gig is up. I expect they just send pain for a while. Short any and all rallies. 330 by October and possibly under 250 by November.

I won't even show any charts because I wouldn't buy anything BUT

Be Safe, Be Careful, Be Wise

and as always

Good Luck