1 man who moves the market
- Thread starter mikeriley
- Start date
didn't the speech barely start when the market broke, i assume he didn't even say hello yet.
lol. market bots are funny.
unless there is a digital copy released at start.
lol. market bots are funny.
unless there is a digital copy released at start.
So what'd he say? Let me guess... inflation continues to be a problem and I'll take us into a depression bigger than the one in the '30s to beat it?
so why the market reaction at 9:59:59 eastern?
eMini was down 10+ points already from 8:30am.
Globex session was listless.
Wham, bam 4048.00 support (yesterday's RTH low) was broken.
Not just him, anybody from Fed that speaks would move the market. There is this Fed governor Bullard yapped about something about them thinking of increasing the rate for more than 50 bps and for longer time as inflation is more stubborn than being reported at around 2:00 PM EST on Feb. 16 and the market immediately reversed freaking dived and the guy is just a Fed governor from St. Louis. As long as they sit on the committee and can vote, any time when they say some s*** that the market did not already know, it will move the market. The market or I should say those bots are very jittery right now. Anything can set them off.