I’m talking about buttcoin (BTC). This sucker is getting ready to drop its load, big time. First it has to suck in all the buttcoin bulls. It does that with those repeated pops every time it pierces apparent sport 30K. But watch out buttcoin fans. You’re about to get sheet upon.
Meanwhile, the 13 week T-bill, which trades in the closest semblance to a free market that considers how much liquidity is really in the system, is showing the Fed the way toward it’s next phony “rate increase.”
The Fed sets policy by controlling the supply of money relative to demand. The market sets rates accordingly. The Fed’s rate setting FOMC announcements are just a sideshow for public consumption. The Fed pretends that QT is secondary and that rate setting is what matters. The Wall Street hoodlums and captured media lackeys buy that story, hook, line, and sinker. Meanwhile, rates have already moved in response to the initiation of QT, and this will continue until the Fed reverses course on its new policy of withdrawing money from the banking system and extinguishing it.
Quantitative Tightening is Here, and the Effect Will Be Devastating
Meanwhile, we’re at the stage for the stock market where it’s virtually impossible to care less as the ES 24 hour S&P fuguetures sleepwalk through this seemingly interminable trading range on the hourly chart. They need to drop below 4073 to get anything going on the downside. And they would need to clear 4125 to see any extension on the upside. Nah gah dah for the latter, me thinks.
- Swing Trade Screens – Dipping A Short Toe Before the Next Big Wave June 6, 2022
- Here’s Why It’s Too Soon to Go Short Again (Mostly)June 6, 2022
- The US Economy, Including Jobs, Collapsed in May June 2, 2022
- Quantitative Tightening is Here, and the Effect Will Be Devastating June 1, 2022
- A Great Week for Swing Trade Screen Picks May 31, 2022
- Stocks Are Ahead of the Curve May 23, 2022
- Dealer Positions Show It’s Not Getting Better and It Should Get Worse May 15, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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