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S&P 500 Drops 50 Handles – Discover the Hidden Implications

(check out this new video)

Author

Don Kaufman
October 23, 2024

Don Kaufman here.

The market has been eerily quiet, but today everything changed. 

Just 20 minutes after the cash close on this Wednesday afternoon, the S&P dived 50 handles, signaling that the long-standing market silence has finally been broken. 

• Precision of the SPX Expected Move: This week’s expected move was a precise $69. We missed the exact target by just pennies on the 5,800 mark. Why is this level of precision crucial, and how can you leverage it?

• Meta’s Unusual Behavior: While the broader market showed signs of recovery, Meta didn’t follow suit. Discover why Meta’s lack of a bounce could be a red flag and what it signals for the future.

• Walmart’s Astounding Surge: Walmart soared by 56%! What’s driving this massive jump, and should you be excited or cautious about such a spike?

• Selective Selling in Financials: Unlike typical broad sell-offs, today’s financial sector movement was highly selective. Learn why this targeted selling is different and what it means for your investments.

But that’s not all. As we head into the final stretch of the week, volatility remains high:

• Remaining $52 Expected Move: With a $35 expected move on Thursday and $52 into Friday, the market is set for continued turbulence. What strategies should you adopt to navigate this volatility?

• Assets Under Pressure: Bonds are being rocked, the dollar is skyrocketing, and gold is on what I call "Mr. Toad's Wild Ride." How do these shifts impact your portfolio?

• Tech Stocks in Turmoil: Nvidia and Meta are showing significant volatility. What’s behind these movements, and how can you position yourself to benefit?

The burning question: Will the SPX hold the lower edge of the expected move, or are we about to witness something even more dramatic?

Don’t miss out on the full analysis and exclusive insights. 

Don: 

  1. Buy Oct 25 TSLA $202.5/$200 Put Spread for $0.78

Brandon:

  1. Buy Dec 20 JETS $23/$21 Put Spread for $0.83