Yellen has to be on some heavy sedatives at this point...
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
But bonds have gone absolutely nuts today. On 12/03, ZB went from 156 to 152. Today we are back well above 157
if TLT is an indicator, seems like the market is betting there will be no hike announced wednesday
Just look to last December for an analog of what happens when Yellen folds like a lawn chair...Vertical descent into 12/16 followed by a wtf rally straight up...
This is just bond bears taking profits. Implied probability of a hike is close to 80% according to FF futures, thats sufficient for the fed to pull the trigger, the market would be shocked if we didn't get one.
Of course things might change if the stock market crashes next week, but these 2% selloffs isnt going to change anything, people forget that SPX is still trading near all time highs, we are like what, 6% off ATHs?
Right, but the bureaucrats are panicked if the SPX isn't in a tightly controlled range...It's all politics at this point...
We are still trading in a range though (1800-2100), we are currently closer to the top of the range so the fed isn't going to panic.
They certainly panicked in the fall after that August plunge...
downtrend still in tact but momentum is slowing
will look to go long march ES in 1980s if it gets there
will look to go long march ES in 1980s if it gets there