1: Market stil going through its wave C correction. Be patient and dont let emotion and noise take over your action.
2: About debate, it is completely within the expectation that market will react negatively today about debate. But dont forget about the bigger picture. Last night's debate does NOT say Democrats will win, it just succeeded in putting Kamala in as a real candidate. So, race is on.
3: CPI today has a surprise in core CPI, coming 0.3% vs 0.2%. This may disappoint some investors who were hoping for 50bps. But i think market is doing a risk off before Fed meeting given all these different signals.
Fundamentally, nothing really changes and this is still the good time to accumulate those best and high quality stocks.
The real trouble for this market is QQQ drop below 400 (20% correction) and wave C extend to a 1.6x drawdown. We are FAR away from that, and no need to panic at this time
