What I Learned In NYC

First off, we'll do chat on Wednesday, August 28 at 3:00pm ET in the Discord channel or you can email your questions to support@tradingwithcody.com.

Bryce here. We're back in full swing after having spent last week in New York City making our usual rounds. Markets zigged and zagged but ended the week higher after Powell essentially gave the market everything it had been hoping for–a clear signal that "the time has come" for rate cuts. We're mostly sticking with our Fed Playbook for now, and it looks like we might be getting closer to the top than the bottom, as everyone is pretty darn complacent right now as we discuss below. We are holding our longs tight in both the PA and the hedge fund, but slowly adding some more short exposure in the hedge fund here as we think we might be headed for some weakness in the broader markets as the Fed enters another cutting cycle.