Futures erase gains within seconds after news out of China and Hong Kong!! Watch for s&p 2722 (June lows) if s&p breaks below that level get ready to welcome December 2018 lows!!!
Haaaaa.... How many times have we heard this Enough of these garbage headlines that mean absolutely nothing. Dow set for strong open after China says it hopes to meet halfway on trade issues PUBLISHED WED, AUG https://www.cnbc.com/2019/08/14/dow...ggered-by-bond-recession-signal-drags-on.html
Rigggghhhhhhhhttttttt Good old Janet yellen yapping away All of a sudden a yeild curve inversion may be false. Janet Yellen says yield curve inversion may be false recession signal this time Maggie Fitzgerald | @mkmfitzgerald Published 19 Hours Ago Updated 14 Hours AgoCNBC.com www.cnbc.com/amp/2019/08/14/janet-yellen-say-yield-curve-inversion-may-be-false-recession-signal-this-time.html
NO. The FED mandate is for stable prices and maximum employment. Raising interest rates is a tool to control inflation, which was nil -- ergo, no raising of rates. As well, raising of rates would not assist the full employment mandate -- while UNemployment had/has been at historic lows, the _not_in_the_workforce component continued to shrink -- indicating more people drawn into the work force: A Good Thing. Ergo, no raising of rates. The FED remains with eyes on the economy, first and foremost, and always.
Even worst... ECB came out and said they were preparing to start buying 50 Billion euro a month of bonds, entire EU in red, actually moved up then back down. ECB saying we are restarting QE and algo's didn't give a fuck, you know there is serious trouble in Euro Markets. ECB fucked up, they shoulda let credit snap first then QE, now they will be buying bonds while credit snaps, effectively removing the punch for support... Entire world will be depending on Fed QE5 for a boost By early next week, EU banking index will be at levels last seen since the 80s when Berlin Wall saga was playing out, and credit markets didn't snap yet!!!