Soft Landing? Hard Landing? Neither -- It Will Be A Touch-And-Go With After-Burner Takeoff -- September 27, 2024

Locator: 48415GDP.

GDPNow: up again! Now tracking for a 3.1% for 3Q24. Link here. 

Market today: huge rotation today. Out of tech, into beaten-down stocks, like FedEx. Even AAPL which had held up earlier in the morning now appears to be a bit under pressure. Looks like a buying opportunity next week.

The Dow surges 400 points late morning trading! Three-week winning streak. Thank you Joe Biden and Jay Powell.

VISA: DoJ antitrust lawsuit? Today V is up over $6 / share, about 2.25%.