Harry's Rant October 4, 2024

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The markets couldn't be more confusing short term. Biggest tightening in over 40 years still hasn't hit very hard, and now the Fed is starting to ease, to keep the tightening from hitting too hard ahead. The nonfarm payrolls report came out with 250,000 jobs for September, 100,000 stronger than expected. Harry still thinks we are going to see more impact and is waiting until late January to more fully judge. Meanwhile, a progressive long topping process since late 2021 is still showing continued divergences that signal a long-term, not a short-term top.

Harry Dent posts his Rant videos every other Friday.

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