The kerplunk herd round the world.
$3.601B Treasury Coupon Purchase 2020-08-20
This does not include the final settlement of previous forward MBS purchase contracts, which is material because today was the last MBS settlement for August.
5 day cycle projection 3412.
Bulls are a stubborn lot. Here’s what this hourly chart of the ES futures tell us.
Chart not loading. I’ll be back.
Today’s QE and where to get the schedule and impacts.
It sure looks like a consolidation. Wouldn’t it be something if it broke down!
The future(s) is broken.
The Fed shoots them.
Serious trend break on this chart.
Back to resistance this morning. That was posted earlier this morning. Now it should say “back through resistance.”
That said, there have been warnings for several weeks.