I find it mind boggling how captive the FOMC has become. I have never seen them after 10 years of gains open the spigot and poor cash into the markets. This is the kind of medicine given during a crisis. Dangerous and irresponsible to say the least.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
But of course
MARKET INSIDER
Stocks are surging in part because investors expect a central bank response to the coronavirus
PUBLISHED WED, FEB 5 202012:58 PM ESTUPDATED 44 MIN AGO
Patti Domm@IN/PATTI-DOMM-9224884/@PATTIDOMM
KEY POINTS
https://www.cnbc.com/2020/02/05/sto...al-bank-easing-to-fight-effects-of-virus.html
MARKET INSIDER
Stocks are surging in part because investors expect a central bank response to the coronavirus
PUBLISHED WED, FEB 5 202012:58 PM ESTUPDATED 44 MIN AGO
Patti Domm@IN/PATTI-DOMM-9224884/@PATTIDOMM
KEY POINTS
- Stocks have rallied this week after China’s rebounding stock market sent a positive message to global markets, but analysts caution there’s still a long way to go with the potential impact of the coronavirus.
- Part of the reason for the rally has been the backstop of liquidity provided by the People’s Bank of China, and investors are betting the Federal Reserve would also be ready to cut rates again if the virus hurts the U.S. economy.
- Analysts say stocks were also helped by the fact that there was no clear front runner in the Iowa Democratic caucuses Monday, and the progressive candidate, Vermont Sen. Bernie Sanders, came in second behind Pete Buttigieg.
https://www.cnbc.com/2020/02/05/sto...al-bank-easing-to-fight-effects-of-virus.html
Looks like a triple or quadruple bottom on rates.
Narrator: There's no such thing as a triple or quadruple bottom.
Here come the dip buyers with freshly printed cash. Get those indexes back in the green. We gave you that free money now do as your told.
More remarkable: Stockman's horrific track record or that someone tracked it ?
Ok folks you know the drill....buy the cash close sell the cash open, 2/3 of the moves in index futures occurs overnight.
Not tonight pal
Put that in your pipe and smoke it.
Wonder if we will get the 100 NQ up points tonight.
These SPY gaps are pretty large and three in a row. All due to the magic futures rising overnight.
These SPY gaps are pretty large and three in a row. All due to the magic futures rising overnight.