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See for yourself. Here’s the hourly 24 hour ES, S&P futures chart. Looks like another launchpad.
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It’s interesting that the New York Times just pointed out that financial conditions have been easy even before the Fed cut rates last week. I’ve been pointing that out in Liquidity Trader since February. That’s typical. The mainstream media is usually about 6 months behind me in recognizing what’s going on. It pays to pay attention to the data and not what Wall Street says about it.
Macro Money Blows the Roof Off
I’m working on an update as we speak.
Meanwhile, the 10 year yield begs the question of whether the markets are about to start tightening on their own, just as they loosened on their own. Actually, It wasn’t on their own. The Treasury issuance of mass quantities of T-bills fed the flames of bullishness by creating unlimited instacash repo loans. Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils
Here’s Hard Evidence that the Slowing Economy Narrative is False
Are you ready for this? It’s 17 billion more than I had estimated for the end of month issuance. That’s because I neglected to include an estimate for the fact that the Fed is still doing QE, lest we forget. Macro Money Blows the Roof Off
Meanwhile, check this out.
So are the BTC bros settin up for a breakout, or something else?
I have a lot of euros socked away to fund my expenses for a year, but will have have to pedal harder and harder to keep up. This is a classic cup and handle. If it breaks out, I’ll need to be a good currency trader over the next year.
For moron the markets see:
- Gold Sings Higher and Higher September 19, 2024
- Macro Money Blows the Roof Off September 17, 2024
- Swing Trade Screen Picks – Eight Is Enough September 17, 2024
- Stock Market Has Perfect Lineup for Fall Classic September 16, 2024
- Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils September 11, 2024
- Here’s Hard Evidence that the Slowing Economy Narrative is False September 8, 2024
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