16 Jun Fed Meeting - Uncle Jerome Highlights

[maxinger]

yes index futures moved.
yes gold moved.
yes bonds moved.
yes copper moved.
yes AUD EUR GBP ... moved.
yes corn soya ... moved

 

[JSOP]

Is this bad news? I thought inflation was outta control already and they're going to keep printing?

Inflation is not outta control per se but is higher and happening sooner than expected. The thing is the Fed is now noticing and is doing something about it and the market has now noticed it as @KCalhoun and I have correctly called it:

Well he announced TWO rate hikes instead of one by 2023 and he's moved up the date for the first rate hike to combat inflation that's rising faster than everybody thought. Well I think that's enough to at least pause the market, if not induce a correction. I see a bit of sell-off in the upcoming days.

I'm wearing bear cap again, bought UVXY for swing. Strong selling day may cause correction.

I will see more sell-off in the upcoming at least weeks because the bull run that the market has been enjoying is based on the assumption that the Fed will hold off rate hikes until 2023. Now that that assumption is changed a bit, the market would like to adjust.

Would be nice to have some +ve interest rate for my savings account for a change.

 

[Overnight]

HAHA! Here comes the infighting! I guess we know who is short and who is long in the market.

These guys are criminals.

"...According to the central bank’s latest “dot plot” chart, a majority of Fed officials now see two rate hikes by the end of 2023. In March, the majority saw no rates hikes at all..."

We know Bullard is short, and Kashkari is long! What a game they play.

https://www.marketwatch.com/story/f...es-through-2023-11624045453?mod=mw_latestnews

 

[Nine_Ender]

Inflation is not outta control per se but is higher and happening sooner than expected. The thing is the Fed is now noticing and is doing something about it and the market has now noticed it as @KCalhoun and I have correctly called it:

I will see more sell-off in the upcoming at least weeks because the bull run that the market has been enjoying is based on the assumption that the Fed will hold off rate hikes until 2023. Now that that assumption is changed a bit, the market would like to adjust.

Would be nice to have some +ve interest rate for my savings account for a change.

It's been the case for almost a year that the short calls on here have never lasted very long and we end up with posts predicting tops and corrections followed by silence when markets grind higher. This has happened dozens of times. The trading gains from these one or two day events just seem for the most part fairly minimal given that many of the same traders have been trying to short this thing nonstop since September.

Of course anything could occur on Monday but if I had to guess we are back to normal flat to mildly bullish US indexes coming off the option expiry. I am interested in what occurs with IT and Oil that have been clearly bullish recently and were basically unfazed by anything that occurred last week. Any short side would have to have those on board and not just on an intraday fashion based on news.