If you're saying Powell has been a pussy I agree. But in that scenario God only needs to help those who are long and wrong. There is never any sympathy for those who are short. If anything people revel in those who bet against the crowd .... when the trend is with them. Me, today is all that matters either way.
I'm was referring to the underlying house of cards he keeps referring to - not his actual calls. Obviously the actual calls have been really bad.
(Briefing.Com) said late this afternoon:- The day started in a slow grind higher amid an absence of new macro catalysts, which was good for the positive momentum in Apple and, in effect, the major indices. The S&P 500 was only up 0.3% at its high, and a hair below the 3400 level, before turning negative shortly after the FOMC Minutes were released at 2:00 p.m. ET. Nothing surprising was stated in the minutes, but officials remained concerned about the economy and possibility of a protracted recovery; members discussing yield caps thought yield caps and targets would provide only modest benefits in the current environment. The latter acknowledgement supported the selling pressure in the Treasury market that left yields little changed.
You have to admit, it opens up the imagination flagella and eases stream-of-consciousness thinking. I'm telling you, VIX back to the 50s during the election.
Asia is having none of the Fed's folly this go around. Euro is sure to follow Asia and the US down. Remember, zero risk all the time.
How about right in the middle 44.91? Anyway gap from Feb 24th not quite filled all the way. Of course it doesn't have to fill before rocketship takes off but it would be nice if it did: