Somebody was asking before for an emergency FED 50 points cut to better align the curve or something along those lines
Just to prop up the market? Tariff is, by nature, inflationary. Does he not know cutting rates would inflate price even higher? On that note, that guy is an imbecile.
I have a custom statistical model which runs on numbers (no charts). With this model, I can insert a given market day at a given time and then read the balance of the remainder of the day. So, that's mostly how I arrived at that target, but I also like to use intuition, experience, eyeballing the charts and finally a bit of luck. The turn is taking its time and we may not see the final dump until the last hour which is when I will be expecting the LOD. Do I sound like a pretentious dick now? Yeah, I thought so.
You sound like a refreshing waterfall of wisdom to me Except when you're arguing with V-man, then you (both) sound like you're 12
from price action perspective, sudden jump above 112 doesn't look very sustainable. one could short and have a price target below at 112 or 20dma
The problem I'm having with ZB and ZN lately is that I cannot "get" which theme is prevailing: higher inflation (and rates) or flight to safety (which "artificially" lowers rates). Also, I prefer to do swing trades with these, I don't normally bother intraday (I'm more attuned to ES). But thank you for the idea, I'll give it some thought.
(BLOOMBERG) Nearly a $2 trillion wipeout Roughly $1.7 trillion was erased from the S&P 500 at the start of US trading on Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession. The index is on the brink of a crucial technical inflection point that threatens a longer-term wipeout. The damage was heaviest in companies whose supply chains are most dependent on overseas manufacturing. Apple, which makes the majority of its US-sold devices in China, plunged after the open – even after a yearslong effort to insulate itself from trade wars.