Fed QE: $1.201B TIPS Purchase 2020-08-04
The Fed and Treasury can guarantee all the loans they want. That doesn’t mean that anyone will want to borrow or any banks will want to lend:
The price action is a horror show.
As projections rise, prices are rising to catch up with them as concurrent up phases grow long in the tooth. But momentum and cycle indicators remain bullish. Here are the latest projections and suggestions.
The hourly chart looks like a slinky climbing stairs. The next move will be up.
No.
Wait.
Down.
Or.
Oh, never mind.
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The self-sustaining recovery is a fantasy that’s evaporated.What looks like a powerful, can’t-lose rally to newbies is recognized as distribution by old hands. In low-volume markets (as in the past few months), insiders holding large pos…