Meanwhile, the Fed remains egregiously behind the market in rubber stamping market interest rates. I don’t know why they even bother. Rates are and always have been completely irrelevant until they become punitive in real terms. And even that is a byproduct of the central bank creating a money shortage.
The Fed is in the process of creating a money shortage now, but traders and their dealers have created their own money temporarily via the cycle of margin borrowing. That has a limited shelf life when the Fed isn’t there supplying an ever increasing backstop. Only the timing of the end is unknown. For that, we rely on the TA.
To understand and profit from the big picture check out the following.
- Swing Trade Screens – Buys Overwhelm Sells, It’s Late But One Sector Looks Ready to Roll August 15, 2022
- Yikes! August 15, 2022
- Mildly Bullish Outlook for Gold Holds August 13, 2022
- “As Good as It Gets” Was Good While It Lasted August 6, 2022
- Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022
- Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022
- The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022
- As Good As it Gets, Before the End of Time July 18, 2022
- Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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