The S&P 500 will top soon at 2925-2930
- Thread starter volente_00
- Start date
This is the FED fulfilling it's statutory mission: stable prices, maximum employment. To imagine that, when these things co-align with market wishes or political whims, that this is the FED "caving" or backtracking or whatever, is nonsense along the lines of Chem-trails and Bigfoot and ...... hoo boy. 
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This is a nightmare they got from Fed today... He didn't end QT, the last question mentioned if they would end early, he indicated it will go until September, no rate cuts to help EM banks currently dying on top. He indicated maybe 1 cut, markets pricing 100 % Cut in July, so they will oblige, has hawkish as it got for 2019. I was shocked listening to Q&A
He was playing bad cop today for sure... EM will get rocked, especially HK, they needed that cut bad, even if just 25 bps
Why are we up then? How low can the VIX go?
Look at the explosion in buying... Came in at 11 Pacific or 2 Eastern on the second, immediately text got released it blew up, regardless of what happened it was gonna be bought, Mnuchin controls the PPT... Issue is US Dollar and Japanese Yen, huge implications for EM... Money Markets won't like this at all, but they didn't have a choice, he said if they cut he would of had bad feedback something, they grilled him today. US Assets will be dumped from EM cause they need to shore up the accounts, as you are seeing with Yen right now.
Amazing it is 100% when he said he has to see the data...
I would play bad cop too if Mr President was trying to out me. In fact I would have raised rates and really set off the confrontation.
Imagine no PPT and where the markets would be today. All those silly algorithms buying into the market and all the games to keep it drifting higher and higher for years to come. There feels to be zero risk in this market controlled environment.
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!
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!
SPY call buyers doing well. ES short sellers?