I wonder if Rickshaw is long on his zero-risk ES tonight. I hope he is, because Sunday is going to be a great lesson for him. But I know it doesn't matter, because all the money he loses doing this he never reports, ever, and just resets his SIM account.
Remember, the market goes up every single time on the overnight session. There is ZERO risk, and it is free money, Right, Rick?
I have been mentioning negative rates for a couple of years, they will be coming when the world goes into a full blown recession/crisis all because the fed wants to make wallstreet happy with their rate cuts today. Fed will have no where to go but negative!!! MARKET INSIDER Guggenheim’s Scott Minerd says US interest rates could go back to zero or even negative The Fed is about to embark on a rate cutting cycle that could stoke asset bubbles, forcing it to later cut interest rates back to zero or even negative levels in the future, according to Scott Minerd, global CIO at Guggeheim. https://www.cnbc.com/2019/07/30/int...to-zero-or-negative---guggenheims-minerd.html
It was almost 4 years ago you said we'd have negative interest rates in the US within 2-3 years. Let's not get revisionist here your forecasts range from really bad to horrible across the board.
Bingo! That's what ya have to do when the recession hits, buy the leverage stuff and wait for the inverted yield curve to sell.