Originally posted at The Fed Guy. Reposted here with the kind permission of the publisher. An aggressive quantitative tightening (“QT”) pace would set the stage for another…
Well now, that did a lot, didn’t it.
Look, I’ve said it before and I’ll say it again. The Fed is the black hole at the center of the worldwide banking system. So long as it is withdrawing cash and the ECB and BoJ are either still adding or stand…
So the Fed has never actually raised rates in this cycle. It has only tried to catch up with it. And failed. Again, the Fed’s…
I have to get out of my apartment for a couple of days. They are pouring a new subfloor. Hotel rates here are still stratospheric, so I’m looking for a comfortable spot under the arches at Place Garibaldi. There’s a nice community of old Polish fellows…
As usual the market has settled into a trading range for a few days as it waits for the FOMC circus to come to down on it regularly scheduled visit every six weeks. This show is just a few days before the annual Sell Rosh Hashanah, Buy Yom Kippur. But …
dMost of you are probably acquainted with the name Chamath Palihapitiya, although I seriously doubt any of us could spell it correctly without at least a few tries. He is the billionaire financier who is considered the King of SPAC. SPACs, of course…
This is it, right here. 3869. If that breaks, the baby dinosaur that has formed on the chart of the ES, 24 hour S&P futures over the past two days, will be euthanized. So sad.
The next likely stopping points would be either 3860, or the lows …
As of Monday, September 19, there were 36 charts with second or third buy signals over the past two trading days, and 64 with second…
For large parts of the past two years, mortage refinancing has been booming, as historically low mortgage rates and surging home prices created an opportunity for existing homeowners to save a lot of money on their mortgage and, in many cases, even tak…
While I do have projections for some of the longer cycles, I can’t answer that question for today. It could be a little or a lot. The parameters to watch in the next few hours are 3857 on the upside for resistance, and 3787-3778 on the downside for spo…