Thanks David's faith! Not sure how to get around it, but I did some googling, and I find stuff like this: https://www.userwalls.news/n/scrutinizes-swiss-currency-practices-3357891/ and https://nomisec.com/business/us-scrutinizes-swiss-currency-practices/ But those both seem to indicate the U.S. was not trying to get the Swiss to weaken their currency, but the U.S. was concerned the Swiss were trying to weaken their currency and the U.S. didn't like it! Seems the opposite of what you were saying no?
LOL, you got me Bad Badness. But in all fairness, I have absolutely no clue what I am doing... and I know it. Thanks for your input!!! Lot of good input in this thread.
If Overnight thinks it is going to continue to tank, that is a pretty good indication that we are near the bottom.
LOL. Overnight is #1 in my book, but he might indeed be the only guy on this forum wrong as much as me haha.
Technically they never did until now, but the interest rate hikes were considered mini QTs. Check the following list of rate-hike rates, and draw your own conclusions as correlated to how the SP performed during those periods... Sorry the text is so small, click it to expand it. Note the dates of the up/down moves by the Fed. It will be when Powell and his lackeys announce that they will be ending the balance-sheet runoff and pausing hikes.
I get the impression Powell wants to avoid that again. I think he also knows the potential ignominy of being called Arthur Burns 2.0. Most likely he will have to do it at some point since that's all this economy knows. This is the land of rolling bubbles since they shipped all the industries to Mexico & China. Frankly after the Treasury & Fed shenanigans of 2008 I lost hope in any real price discovery. They now want to pretend everything is okay -- of course papered over by free money form the government endlessly.
Market will bottom sometime this coming Winter. Can pick it within 5% accuracy if you go by the chart patterns. Ignore subjective stuff like it must be the bottom because everyone else believes market will continue to tank. Just look at the chart, it will tell you within 5% accuracy when to back up the truck...