The S&P 500 will top soon at 2925-2930

[S2007S]

More pathetic headlines hoping and wishing for more fed intervention....typical wallstreet garbage!


Investors who were hoping Trump would rescue the stock market are now counting on the Fed
PUBLISHED AN HOUR AGOUPDATED MOMENTS AGO

Expectations for a Fed bailout for markets and the economy rose sharply after President Donald Trump’s surprise threat to put tariffs on all Mexican goods if Mexico doesn’t do more to stop immigrants from entering the U.S.

Many investors believe in the “Trump put,” — the idea that he would act to limit the stock market’s downside because he views the market’s performance as a reflection of his own success. But after Trump’s announcement on Twitter on Thursday night, investors may be considering whether the Fed could be the real backstop.


https://www.cnbc.com/2019/05/31/inv...stock-market-are-now-counting-on-the-fed.html

 

[noddyboy]

More pathetic headlines hoping and wishing for more fed intervention....typical wallstreet garbage!


Investors who were hoping Trump would rescue the stock market are now counting on the Fed
PUBLISHED AN HOUR AGOUPDATED MOMENTS AGO

Expectations for a Fed bailout for markets and the economy rose sharply after President Donald Trump’s surprise threat to put tariffs on all Mexican goods if Mexico doesn’t do more to stop immigrants from entering the U.S.

Many investors believe in the “Trump put,” — the idea that he would act to limit the stock market’s downside because he views the market’s performance as a reflection of his own success. But after Trump’s announcement on Twitter on Thursday night, investors may be considering whether the Fed could be the real backstop.


https://www.cnbc.com/2019/05/31/inv...stock-market-are-now-counting-on-the-fed.html

How far down can we go?

 

[S2007S]

In a post above, I warned about discounting the difference between the underlying economy and non-market (read: "Tweet") geo-political effects. I stand by that. Still, there's no getting around that we're threatening 2750 in the S&P -- a goodly 200pts down from the peak, and a mere 100pts from volente's call. What is more is that since the call (April 16th), we've spent a continuous third of the time above the call, and the ensuing two-thirds of the time (from May 7) below the call, and since May 1, have trended steadily down.

This turmoil could turn around tomorrow. We could be kissing S&P at 3000 before July 4th.
But the fact is, we're snuggling 2750 right now, 100pts away from 2650.

I'm hearing alot of this 2650 going on.. seems like it's inevitable However I believe it goes down even further. Without zero agreement on trade talks market will be going down down down.

 

[Overnight]

I'm hearing alot of this 2650 going on.. seems like it's inevitable However I believe it goes down even further. Without zero agreement on trade talks market will be going down down down.

A self-fulfilling prophecy, really. The recession that folks felt was looming sure seems a lot closer to reality now, but it didn't HAVE to happen. All because of ONE man throwing a patriotic, protectionist tantrum.

WTF cares if we have trade deficits? The economy was growing, unemployment falling, personal income rising for years with this "dystopic" trade imbalance. It is maddening. May 5th, 2019 at around 1(?)PM ET will be a red-letter stamp on the chronology of market behavior.

 

[Stockolio]

I'm hearing alot of this 2650 going on.. seems like it's inevitable However I believe it goes down even further. Without zero agreement on trade talks market will be going down down down.

Fuck the trade talks, Interbank Markets are starting pop all across the world!!!! Turkey, India, china and HK Credit Markets are fucked, flashing red entering Lehman phase soon, even with there Central Bank flooding liquidity non stop for a few months, in china case since 2018, it's like they can't even stop the inevitable, too much shit debt in the system, debt servicing is eating away any liquidity, non stop injections every few weeks. Australia cutting rates next week, then it starts amigo... Shadow Banking Crises of 2019, US Interbank is fuckedd up right now, Big Institution taking 15 less bps in Treasuries then lending it out in IOER. German 10 year is the lowest yielding ever recorded, - 0.20 % . Europe is collapsing, Asia vicious collapse as we speak.

The bears won!!!

 

[Overnight]

Oh, and as for the Fed? I hope they do exactly what they said they would do, and leave everything unchanged for some time to come. Let the chips fall where they may and this administration will have it's comeuppance.

 

[vanzandt]

A self-fulfilling prophecy, really. The recession looming sure seems a lot closer to reality now, but it didn't HAVE to happen. All because of ONE man throwing a patriotic, protectionist tantrum.

WTF cares if we have trade deficits? The economy was growing, unemployment falling, personal income rising for years with this "dystopic" trade imbalance. It is maddening. May 5th, 2019 at around 1(?)PM ET will be a red-letter stamp in the chronology of market behavior.

All that... and we lost our Giant Panda's too. The sky is certainly falling.

 

[Overnight]

All that... and we lost our Giant Panda's too. The sky is certainly falling.

We never had any sky, because those pandas really weren't "ours", it seems. I didn't know that China "owned" them. A bunch of fucking crybabies, that lot.

 

[Overnight]

Hey, was just thinking...Couldn't Twitter be considered "complicit" in continuing to allow Trump to affect the world in this way?

Just think... If Twitter didn't exist, or allow the White House access to it, Trump's China tariff announcement wouldn't have happened until the next day, Monday, right? Hehhe

 

[volente_00]

I'm hearing alot of this 2650 going on.. seems like it's inevitable However I believe it goes down even further. Without zero agreement on trade talks market will be going down down down.

Open gap around 2644 SPX
Chart projects to 2646 SPX
50% retrace 2650 SPX


If you are a bull then this noise is a right shoulder and we go on to make higher highs from 2550-2650 SPX