S&P Futures Opens Down 20 Points!
- Thread starter schizo
- Start date
Once the market is ripe for a certain condition, it almost doesn't matter what exactly the catalyst is. So in today's downgap, if it is corona/Bolton/rockets or possibly a combination of them, the market just needed something to worry about.
Just to update the OP, futures are down 55 points right now.
So let’s be clear, they are using the coronavirus as a cover for pulling funds from the repo market correct? They need a story that doesn’t coincide with a reality that would really the jolt markets.
Could be, I don't know but there is a confluence:
1. QE4 is supposedly to stop now
2. Chinese death flu (I coined this)
3. Overextended parabolic move
(Edit) 4. Important earnings this week
Here's my tin foil hat conspiracy: Trump wants lower interest rates. No doubt the genius economists will say Chinese death flu = global slowdown coming => lower rates. Never let a crisis go to waste as the elite always say.
If above is true, expect dovish FOMC on Wed, new ATH by end of next week.
This is very likely. In Saudi Arabia with MERS, I know a nurse who was working there - employees of one whole hospital ward had died and the Saudi government was pretending that nothing was going on plus the news didn't report on it. Needless to say many went home before their contracts ended, it's easy for the Saudi royals to sacrifice foreign workers as they don't really view them as human.
Doubt we will see an ATH soon. Corona is bigger than expected and the nonchalant attitude we're seeing by some is worrisome.
Was that beautiful or was that beautiful? LolDoesn't look like the support is holding. Downside target for now is 35.
