SPX is so strong that I feel it might try again and succeed breaking above 2094-2096 (ES) into the close today
In hindsight (sort of), the cleanest trade has been long Russell...Pretty good structure to that rally, albeit it's a very whippy index...
SPX is so strong that I feel it might try again and succeed breaking above 2094-2096 (ES) into the close today
You are correct, can you believe 5.00% unemployment and fed funds at ZERO never has this happened. But have no fear, weeks before the next fed meeting in December a bad data point will cause them to hold off yet again and again and again.did you see what happened in August?
resilient market, resilient market - oops -10% a week later
market recovered only when odds for September hike was zero
leverage is huge. I don't think how market can pretend anything - market needs zero interest rates. zero rates are priced in for the next 30 years
market doesn't seem to really believe that the Fed will go through with it in Dec
It's not that, it's the bunch of newbies thinking the market will tank hard if they raise. Market will make higher highs, regardless of hike. Hike might produce a bullshit pullback (which should be bought) to shake weak hands, get shorts short, AGAIN, and then does what it does best, fuck them all at once.
watch out, we got a permabull over here