30 years ago, on October 3, 1990, the German reunification process was completed and the communist German Democratic Republic (GDR) became part of the Federal Republic of Germany, marking the birth hour of the Germany we know today.Despite the fact tha…
Was there some news?
Survivor’s euphoria, but then what? Reopening momentum, though would that be enough on its own? More of a concern, the uptrend was heavily infused by government intervention. How much was organic, how much wastefully artificial (in the sense of “stimulus”; as economic aid, it was necessary)? So many questions, so much to try and sort […]
The outlook for the most of the rest of October is bullish. But it’s not an endless bull any more.
However I note some negative divergences. Resistance 3382 and 3390-95.
Sky’s the limit if they clear.
Support at 3365. Bears need to break that, or bulls stay in control.
No 5 day cycle projection yet. 2-3 day cycle proje…
Anyone claiming they can project the trajectory of the U.S. and global economy is deluding themselves.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The best-case scenario is those who love their “great city” will accept the daunting reality that even greatness can go bankrupt.
Overseas investors apparently were not impressed. Although here at 4:20 AM NY time, they’ve cut the loss in the fucutures in half.
Again, interesting perspective from the 2 hour bars. They cleared the big downtrend channel twice, early and late. …
Straight from the bowels of the NY Fed, in the name of Jaysus, Praise the Load!