Is there a chance of a 50 basis point cut?

SPX traded to new all time highs today.

Many stocks had blow off move or breakout candles.

Market makers cleared out lots of short interest today.

The employment data is starting to get worse.

A new 2 year high in initial jobless claims.

Markets rallied on dollar and yields weakness.

At some point the markets will price in a recession. Growth stocks need to be monitored closely.
We took profits on Tesla & Baidu today.