Theories as to why PPT has gone AWOL?

P

pinetboltz

According to Reuters the BOJ's breakeven is around 19,500 on the Nikkei
https://www.reuters.com/article/us-...tg&feedName=ousivMolt&WT.mc_id=Partner-Google

With so many central banks continuously buying up/providing backstop to risk assets over past few years, as a guesstimate across the board their breakevens are probably not far from current levels

Just wondering why the PPTs haven't stepped in already? surely it's easier to just put in massive bids on back of unlimited fiat money buying power rather than sit around and be ultimate bagholder for others, etc

also i think it's mindboggling as to why they would actually reveal their specific breakeven at 19,500 for Nikkei-- there seems to be very little upside to that
 
"The NY Fed announced Monday it is ramping up its overnight cash injections from at least $100 billion to at least $150 billion. The move, coming on a day when the Dow briefly plunged more than 2,000 points, or 8%, marks an acceleration of a rescue of the overnight lending markets that began last fall."

Source: https://www.cnn.com/2020/03/09/investing/ny-fed-repo-injection-coronavirus/index.html


$150 billion? I can't even begin to fathom how large that is. If that is not PPT, I dunno what is.
 
schizo said:
$150 billion? I can't even begin to fathom how large that is. If that is not PPT, I dunno what is.
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They are not spending 150 billion a night. That would be 3 Trillion a month.

So who knows what net effect that 150 billion has on the markets. If they have to pull it back out then probably not much.
 
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minmike said:
Take a look at last 2 fridays. 20 minutes from close to close. Crazy face ripping rallys out of nowhere.
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Friday going into the close rallies after a large down weak are very common.
Profit taking by shorts going into the weekend.

Easy to forget, because we not had many big down weeks recently (at least before this sell off).
 
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