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.
Lindsay Williams interviewed Lee about the market meltup. Lee warns that the Fed’s money printing may work, but with horrendous unintented consequences.
Central banks will print a lot of money and keep cash interest rates at such low levels that they will have negative real returns and negative returns relative to assets that behave well in times of reflation.
The Fed has cut back on its outright Treasury purchases. But the Treasury is still pounding away at the market, flooding it with enormous amounts of new supply day after day.
This should be bearish, but so far it hasn’t been. Here’s how that could change today.
