Only turned out to be a 7.6 % pullback from the top Stay tuned as the next SPX top is getting close according to the chart and option action
Too funny. Judy Shelton wants rates at 0% too!!!! Looks.like Trump is doing everything possible to get his 0% interest rates which we all know is NOT happening in this market environment. If anything we need 4-5-6% interest rates. Get those interest rates higher so that the fed has room to room to lower them during the next crisis...have zero interest rates and a economic collapse will only bring Negative interest rates and we all know how exciting that would be... TOP STORIES Trump’s latest Fed moves are another step in trying to take... In a tweet Tuesday, the president said he plans on sending the names of Christopher Waller and Judy Shelton to the Senate as Fed governor appointees. THE FED FEDERAL RESERVE Trump’s latest Fed moves are another step in trying to take control of interest rates PUBLISHED AN HOUR AGOUPDATED AN HOUR AGO Jeff Cox@JEFFCOXCNBCCOM KEY POINTS President Donald Trump said Tuesday he is going to nominate Judy Shelton and Christopher Waller to the Senate as Fed governor appointees. The president has been sharply critical of the central bank’s interest rate policy. “For the president, these are people who would support his position,” said Gus Faucher, chief economist at PNC. The U.S. Federal Reserve building in Washington, D.C. Adam Jeffery | CNBC The market and the Federal Reserve are currently far apart when it comes to expectations of where rates are headed. Two candidates who President Donald Trump said he is going to nominate to the central bank could bring them closer together. In a tweet Tuesday, the president said he plans on sending the names of Christopher Waller and Judy Shelton to the Senate as Fed governor appointees. Shelton was no surprise — Trump already has named her to a government post and previously indicated he’s interested in her for the Fed job. Waller is a bit more of a cipher. As head of research at the St. Louis Fed, he’s maintained a low-key presence that makes it a bit more difficult to know where he’d try to take the broader central bank. Taken together, though, they represent advancement of a key Trump belief, namely that the Fed needs to be a more complicit partner in pushing the economic expansion higher, and should be doing so through lower interest rates and looser policy overall. President Trump is looking for dovishness from the Fed, says strategist “For the president, these are people who would support his position,” said Gus Faucher, chief economist at PNC. “The president has the right to appoint people to the Fed who support his view on monetary policy. That being said, this is one area in particular where the Senate has rebuffed the president for various reasons.” Indeed, Trump has struck out on his last four Fed prospective nominees. The last two in particular, Stephen Moore and Herman Cain, fell out of the process amid complications from issues other than their view on monetary policy and regulation. As it pertains to Waller and Shelton, the two candidates more likely would face a tussle tied directly to their views. Both seem to favor lower rates, at least for now, with Shelton explicitly saying she thinks the Fed’s benchmark overnight rate should be around zero and Waller joining her in rejecting the traditional Phillips Curve argument that as unemployment falls, wages should rise and push inflation, necessitating rate hikes.
Too much greed. Tooo much. Anyone looking to retire soon if I were them I would pull at least a 1/3 to half of their holdings in this market and sit quietly until the next bear market comes along. The risk does not outweigh the reward. Sorry.
Was just looking at the VIX historical charts. Looks like it's lowest close in the past 10 years was around 9.1 a couple years ago, and it's now only 3.5 points away from that. Maybe we should start loading up on that long?
I'm close to doing so especially if we get a nice jump above 3000 and a box drop below 12, every single time I have seen this happen with the vix coming down to multi year lows it jumps back up within weeks. I missed out around 2-3 times on VXX Everytime it has settled in the mid 20s. This time I'm in, the vix is definitely going to shine sooner than later.
Get your freeeeee money.....step right up and get your freeeeeeeeeeeee money......risk freeeee money coming at you. Barclays: A ripping rally sending the S&P 500 up 10% is now the 'highest probability outcome' Yun Li | @YunLi626 Published 6 Hours Ago Updated 1 Hour AgoCNBC.com https://www.cnbc.com/2019/07/03/bar...t-is-now-the-highest-probability-outcome.html
This is INSANE. "Traders are now pricing in a 100% chance of at least a quarter-point cut in July, according to the CME FedWatch tool. Barclays expects the Fed to lower the federal funds rate by 50 basis points in July and 75 basis points this year." I suppose this means that if the fed in July decides to stand pat, we could be looking at a major tanking.
I actually liked the trade in principal; on my main investment funds I was in cash/bonds from May 6 to June 14/24 ( legged back into Cdn/US equities ). Why not make similar risk managed plays on trend long though ? I'm long in general until the bull is confirmed over but I sit out in cash if I feel short term news/trend is down. The bond fund I tried worked really well as a lower risk hold, up 5% in 7 weeks; kind of a lucky stab in the dark based on rough interest rate theory.
Sorry your extreme negative bias prevents you from properly participating in one of the best bull markets in our lifetime. Your weakness is you simply can't admit when you're wrong and you get so invested in trying to be "right" that you just keep making the same mistakes for years on end. Look, your track record is terrible, you've made similar pitches numerous times the last 10 years and been woefully wrong every single time. Not for short term traders in every instance, but for long term investors your ideas are awful.