No,it further supports it. A blastoff to new highs and beyond in parabolic fashion.
The ACD Method
- Thread starter sbrowne126
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No,it further supports it. A blastoff to new highs and beyond in parabolic fashion.
I suspect the first fed rate high will send the market to the sky. I honestly think this trade is analogous to my long Bond call right before the debt downgrade in 2011. The whole world was leaning short into that event. I believe the same will be true in Dec and the shorts will get lit up. I think people are really underestimating how bullish the first fed rate hike will be.
Markets agree with you. From Zachs 9/28/2015, a retest of Aug lows and a Yellin speech
was a start of present rallies in global equities.
From Zachs 9/28
"Late Thursday Yellin indicated the lift-off option is very much on the table for later this year.
She was also optimistic about the US economy. She said FOMC members expect headwinds to economic growth will continue to fade thereby boosting the economys' underlying strength"
A lot of monthly and quarterly Aups in things I follow. I am guilty of "expecting" some markets reaction ( possibly excluding USD and SPY to a degree) to a rate hike to be the same as in the past but present PA does not agree with that.
Inverse Nat Gas ETF.
The forward curve is pretty fairly priced. We just hit 4 trillion cubic feet of underground storage for the first time ever with a mild winter ahead of us. Sell the rallies.
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Both my London CL and NY CL are negative but re-set. Basically in chop mode. RB is confirmed though.