The S&P 500 will top soon at 2925-2930
- Thread starter volente_00
- Start date
Chances of a rate cut
1000000% chance at july 31st meeting!!!
And the odd thing is that they are expecting a 50 basis point cut in July .. haaaa... 50!!
80% chance of 2 rate cuts by September or second cut
61% chance of a third cut by December
Simply hilarious. I got my laughs in for today.
A total of 3 rate cuts going into the rest of 2019!!! Funny because the fed was talking nothing but rate hikes going forward into 2019-2020.
Nothing but dovish talk from the fed to keep wallstreet giiddy. Can't wait to see rates back at 1% and the next recession coming. Fed will have zero room for rate cuts moving forward, all because they want to keep wallstreet happy today. Fools!
When the sugar high wears off, there will be no resources left to ameliorate the downside. Hard to swallow that Trump and Powell could be so stupid/greedy.
If any doubt remained... should be clear to all by now. "Fed independence" is just a ruse. The Fed is actually a tool of the administration.
Got parachute? If not, better get one and keep it handy.
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In days gone by, would have. But apparently not now. "It's all about the Fed... nothing else matters".
Or this could all be a head fake...we will know soon.
They may be stunned, but no one to blame but themselves. This market has been as easy to read and trade since the 12/2018 low as any I can recall from recent years. $SPX will close above 3000 this year, and it will likely do so before the September contract goes off the board.
Don't y'all follow the bond market at all ... bond market is the boss, not Trump or Powell (or Obama and Yellen, or Bush and Bernanke, or Clinton et. al. and Greenspan).. Bonds don't follow the Fed - The Fed follows bonds (even though the Fed thinks it is the other way around lol).
Anything could be a head fake at any time.
One possibly good thing, however.... should the indices clear the "large 3x top resistance", we can then use that level as support.
The bond market is anticipating interest rates... not necessarily the stock market.
I appreciate what you're saying, but still, the short term paper has dropped "like an anvil" over the past 36 hours. Given all the triggers currently in the news, this bodes *well* for the market??
REGARDLESS, WE'VE BREACHED THE TOP OF THE ORIGINAL POST:
I wish this was based more upon economic fundamentals and less on tweets and non-market pokes: this to me is movement based more upon noise and less upon signal. And that makes me
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this to me is movement based more upon noise and less upon signal. And that makes me
From a strictly technical perspective, imo, this has been a move accompanied by easily defined, readily seen signals. I am not much of a fundamentalist. Even my comments about the bond market leading the Fed is based on my own technical observations and not necessarily any fundamental theory. Not disagreeing with your comment, btw, just sharing my perspective. Fundamentally speaking, I am not qualified either to agree or disagree with your comment. ET has been a bit on edge lately, so just want to be clear I come in peace lol