Global Macro Trading Journal
- Thread starter Daal
- Start date
Market closed kinda weak, maybe that $220 level is too close. Will try to give some room, thats why I hate to chase something higher and I keep waiting for a dip to get in. It makes all the decisions a lot easier because you tend to get tested less.
But at the same time, waiting for a dip can make you just watch something rip without you. It happened today on FNMA, I never added as a daytrade or swing trade, just kept my long-term postions. Well, except at the close, there I added but had I bit the bullet and done it sooner, I would have a much better entry
But at the same time, waiting for a dip can make you just watch something rip without you. It happened today on FNMA, I never added as a daytrade or swing trade, just kept my long-term postions. Well, except at the close, there I added but had I bit the bullet and done it sooner, I would have a much better entry
https://www.federalreserve.gov/monetarypolicy/beigebook/beige-book-faqs.htm#4
New Beige book now has a category for Prices and Wages for all Districts
"In addition, the District reports will have greater overlap in the specific information provided about overall economic activity, employment and wages, and prices; this will allow for easier comparisons across regions."
Previously, I think, it would be on a report by report basis which Districts would report that information.
So, they want to inform the market about inflation and wage trends more accuraretly. That sounds hawkish
New Beige book now has a category for Prices and Wages for all Districts
"In addition, the District reports will have greater overlap in the specific information provided about overall economic activity, employment and wages, and prices; this will allow for easier comparisons across regions."
Previously, I think, it would be on a report by report basis which Districts would report that information.
So, they want to inform the market about inflation and wage trends more accuraretly. That sounds hawkish
The statements from the new UST sec this morning are very strong
Effectively he is saying the GSEs will NOT be wound down (which some in Congress want), that they will be safe and wont need another bailout (that is, they will be allowed to build up capital) and the government will not own/control them.
I'm not lawyer but the only way that this can happen without the creation of a new class of common stock (not possible outside bk as far as I know) is for the government to execise their warrants, void the net worth sweep and sell their stake into the market. They cant exercise the warrants and say 'here, these shares are good but the old ones are worthless', this would just open a whole new set of lawsuits. In fact, I dont think they would be even allowed do to that by Delaware law. Its the same class of stock, only way it has any value is if sweep is void. And his statements are consistent with a plan to do that
Effectively he is saying the GSEs will NOT be wound down (which some in Congress want), that they will be safe and wont need another bailout (that is, they will be allowed to build up capital) and the government will not own/control them.
I'm not lawyer but the only way that this can happen without the creation of a new class of common stock (not possible outside bk as far as I know) is for the government to execise their warrants, void the net worth sweep and sell their stake into the market. They cant exercise the warrants and say 'here, these shares are good but the old ones are worthless', this would just open a whole new set of lawsuits. In fact, I dont think they would be even allowed do to that by Delaware law. Its the same class of stock, only way it has any value is if sweep is void. And his statements are consistent with a plan to do that