Because if the inflation numbers hadn't come in bad it would not have happened. I.E. today's drop is a result of unexpected inflation news, not become of some prior price action that shows up on a chart with squigglies on it.
OK, who is going to lie and say they saw today's HUGE drop in the charts?
- Thread starter SoyUnGanador
- Start date
Market once again tried to "front-run" anticipated Fed pivot... and got caught with their hand in the cookie jar.
Doubt they've learned any lesson... look for same again another time or two.
Doubt they've learned any lesson... look for same again another time or two.
Saw (watching it happen) and predicting it would happen are too different things.
Yet, you did use the word "saw".
I was making breakfast and was watching Bloomberg news with some charts open...I "saw" the crazy price action on that CPI report.
Bloomberg lit up with all kinds of commentary. It was like an FOMC price reaction and we have Triple Witching this Friday. Then again, volatility usually shows up a few days before a Triple Witching day.
wrbtrader
Next time, stop trying to predict the market and trade both sides of the book. Then when a day like today appears you celebrate instead of crying.
"Saw" as in saw it in the charts PRIOR TO the big drop, so you could make money off the move. Of course once the big drop happens you can "see" it on the charts.
IMO, the rally was pure bullshit and manipulation 100%.
The action was in the rates market. They were sizing into duration against the front end (long the inversion trade). When the hot print came in the short end got hammered and the spread blew out. Easy money for the real pros.
The action was in the rates market. They were sizing into duration against the front end (long the inversion trade). When the hot print came in the short end got hammered and the spread blew out. Easy money for the real pros.