The Fed is throttling back on its market supporting QE operations. The results of that may be starting to show up in stock prices. Is the Fed worried? Should you be?
The Fed has created the illusion of functioning markets, but today futures traders are striking back. The Fed, with all its trillions, may not have the control that it wants, and Wall Street wishes. Today looks pivotal in that regard.
Here’s a table of today’s Fed QE purchases. How much bang did the Fed get for its bucks?
That was a perfect setup for a launch at the bell yesterday. A lot of big boys knew what was coming and how to position for it. Then just after the bell news came out that a drug being tested for treating COVID19 was showing good results. BOOM!
Is this liftoff, or a launchpad explosion?
Here’s a table of today’s Fed QE purchases, but this isn’t the whole story. What happened yesterday, that nobody reported, is.
Futures were backtracking all morning, then a truly horrible, but expected, jobless claims number came out. So of course the futures rallied to resistance. Here’s what to expect in regular trading hours today.
Futures are breaking support. Here’s where they’re headed today. Trade it as you see it.
Shallow Thoughts Those Fed guys are so funny. What a bunch of bullshitters. Here’s Why Fed’s Statement On Cutting Repurchase Operations Is Total Bullshit Today’s…
Those Fed guys are so funny.
What a bunch of bullshitters.
Bull or Bear Market? Who cares what they call it? The idea of an “official” bull or bear market is not only insane, it’s just plain stupid.
Here’s the only thing that matters.