ES Journal - 2019/2020

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1/3/2001

"NEW YORK (CNNfn) - In a surprise move, the Federal Reserve slashed short-term interest rates Wednesday and signaled it is ready to make further cuts to keep the U.S. economy from sliding into a recession.

The move, which came nearly four weeks ahead of the Fed's regularly-scheduled policy meeting, caught most investors off guard, triggering a mighty rally on Wall Street with the Nasdaq composite posting its best day ever and the Dow industrials surging nearly 3 percent."


https://money.cnn.com/2001/01/03/economy/fed/
 
Moody's about to downgrade Teva debt into junk from -BBB... DB might get negative rating to -BBB, it has a clause in every derivative trade, if rating goes to junk they blow up... On every trade, they are at BBB, once Moody's notch them into -BBB, mass exodus before it gets junked

DB CoCo Yield.png
 
Utah said:
Today sucks big time.
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So conflcted here - big bear signal yesterday, but swing low buy signal today. Of course, yesterday's bear is really a signal for a -25% decline sometime between today and a year from now. So maybe time to take a long for swing ... conflicted.
 
NQurious said:
So conflcted here - big bear signal yesterday, but swing low buy signal today. Of course, yesterday's bear is really a signal for a -25% decline sometime between today and a year from now. So maybe time to take a long for swing ... conflicted.
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IMO today kind of looks like June 3rd buying
 
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