‘The crash of 1987 was caused by a market melt-up during Fed tightening. The same thing happening now.’

The crash of 1987 was caused by a market melt-up during Fed tightening.

The same thing happening now.

No happy dance for FOMC:t.co/DDht7jDjCn
"Markets have consistently front-run the Fed. That has eased credit conditions and could stoke an acceleration in growth." pic.twitter.com/vEhOMu1ozt

— Mac10 (@SuburbanDrone) July 26, 2023

Last week saw the highest QQQ call option count since wave 'a' in early February.

Which confirms this wave count: pic.twitter.com/iFjfPKvT4q

— Mac10 (@SuburbanDrone) July 26, 2023

Traders "ALL-IN" buying Calls (chasing the rally). pic.twitter.com/1vIPvZdJJW

— Macro Charts (@MacroCharts) July 26, 2023

The Fed: The economy is working.

The economy: pic.twitter.com/HTVZJusEJl

— Not Jerome Powell (@alifarhat79) July 26, 2023

Real inflation is INSANE in 2023.

Everyone is struggling to buy homes and even groceries 🚨🚨🚨

Compare 1980 vs 2023 😳 pic.twitter.com/Wdy6coDtfK

— Wall Street Silver (@WallStreetSilv) July 25, 2023