TLT should test its lows ... ~82-83
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
the current climate implies a spike in debt issuance. The increased debt issuance will lead to higher supply/ increased rates on the long end of the curve. Implied hyperinflation road means the highs in the yields on the curve will be tested where as the short end stays fixed secondary to inability of the FOMC take action to remedy the inflation indications.
took a bath on this long call earlier as you'd imagine.
Hit me for -22 points or so. Not nice
Caught a short scalp a minute ago to get +11 back or so, but red day for me
hope you all done better!
great stuff from @flash crash and @vanzandt
no clarity in the clown show till the first debate between Harris and Trump. Market hates higher yields financing RE, economy will grind to halt as RE market collapses.
December 15, 2022
Only posting this because our resident statistician @Laissez Faire must be on holiday
I'm a big Macro Econ guy with predictive analysis of global events. It helps but definitely gets me bearish till price action proves otherwise.
From the sound of it, looks like all the bears came out of the closet today.
I ain't no stranger to bear market, but this is even spooking me out. I wasn't expecting the market to plunge this much.
Actually I'm kind of relieved.
Finally a normal bad day like in a normal market.
How many people went long at that overnight gap?
TESLA taking it in the [scratch]chin[/scratch] balls -12%, Google not seeing yet the fruits of AI... people wondering if Nvidia will miss estimates or lower forecast...
A normal bad day. What spooked me was bad news, bad earnings, bad results, bad everything... and up we went.
Short-term this looks down, but we fell more - albeit more slowly - in April, if I recall correctly.