Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin
- Thread starter Nighthawk
- Start date
This is just 1 betting CFDs site, which is not a true price of the markets when it open.
I would change the title of this thread to read :
How will Markets react to a Coronavirus aid bill which includes $3,000 for families and $4 trillion liquidity for the Fed?
ET as we know is for traders.
It´s the usual game - while everybody and his grandpa is hedging to the downside, smart money is already buying OTM calls....Received on Friday call from UHNWI to buy for $50 Million battered down oil stocks....I guess, The Russians and Saudis are doing the same while I write this....nothing better than a proper "upside" surprise....
It’s still correlated. None of those clients move the markets ofc, but it’s the MM bid dropping that matters. It’ll open down, question is will it stay down?
We need a package that assures people are not laid off and can keep drawing their pre-COVID salaries. That involves guaranteed zero-interest loans to small and mid-size businesses, etc. These helicopter payments are pointless and purely political (designed for the buffoon in the WH to gloat about how he gave us all money).
I think everyone will agree that the big picture is not good....sure we might get a violent rallys as we do in this vol environment, but when fed starts up the press at this rate it's very very bad...this will be another typical story of debasement and hyperinflation as has happened many many times in history.... I think everyone would agree that supporting bad behavior financially started happening a long time this is just an extention of that... Suckle suckle up to your state, so many dependents on the state now....
People can't save for a rainy day when inflation pushes you into risky investments... There is a good reason people used to put money under their bed....when the shit goes down you better be ready..... Inflation creates the race for yeild to break even... All this bailing out causes people to take risks they normally would not....there is a real economic utility in saving money period....
But it was great when Obama did it for 8 years, right?