This rate cut talk is insane. This all came about as markets were falling and China/us trade talks were ripping the markets apart. Fear took over and all of the sudden talk of a rare cut blossomed. There is absolutely zero need for a rate cut. Stocks are going absolutely insane,. unemployment at historical lows ..global gdp growth looking at 3%....etc etc etc. Let's takes rates to zero so wallstreet can rally, that's all this is about. Take rates to zero and let's make the markets rally to infinity. Then when it's time to really take rates lower because of an economic crisis will have no powder left. Oh well. There wasn't much powder to begin with rates at 2.5%. all because you want stocks to move higher, that's all that this is about.
More QE....If you could create money out of thin air wouldn't you want to loan as much as you can at interest. That's there game. All central banks.
Very very very true Fed’s Powell is getting ‘Trumped’ by trade, market bull Ed Yardeni says Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates. In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy. https://www.cnbc.com/2019/07/12/feds-powell-is-getting-trumped-by-trade-bull-ed-yardeni-says.html
Anyone note that the SPX closed above 3k and is a breakout of the recent high. Nice to finally have some direction. See if it holds and then maybe another run up.
Yeah, what's with that S2007? I'm starting to feel the shorting disease, and now yer bullish? Traitor!
I am, I was just being playful and putting in my idea of what is going to blossom over the next half of the year.
Never bullish....bearish until the long awaited bear market gets here than maybe I'll side differently but until then I'm roaring away!