ES is already 120 points lower than the HOD!!!! How much more lower will get you to believe? edit: make that now 125 points lower.
I don't follow your logic on this one B1. I thought increasing the money supply would PROMOTE inflation. I agree with the first part though, increasing rates doesn't DIRECTLY control inflation. It just promotes demand destruction. It is the demand destruction that ultimately affects prices. just my opinion.
100% agree. But they wont want to redistribute wealth ever. I even suspect that raising interest rates will increase the buying power of the rich which in turn could raise inflation further. Not the best source, but I watched a youtube video where someone mentioned that throughout history the market usually goes down after a Fed interest rate pivot. Not sure how factual that is so trying to reasearch.
That's quite the roller coaster today. Reversed off yesterday's Close/High almost to the tick. Coming up against last week's high at 4055, so the key is to look for continuation above here or a reversal back down to the LOD from here. Clearing 4055 I would be expecting 4080. If not, we might reverse and make a new LOD. Trading wise I'm done for the day, so just watching the moves. Argentina - Croatia coming up very soon, so my focus will be there. Go, Croatia!