Jump to content
Sign in to follow this  
aussiebear

World Stock Markets Trading Discussion - Ticklish trepidation

Rate this topic

Recommended Posts

big.chart?nosettings=1&symb=AU%3AXAO&uf=

http://bigcharts.mar...com/default.asp

 

A bearish one for All Ords with the index breaking recent support to finish -0.6%.  All sectors were down led by Energy -2.2% and Miners/Utilities -1.3%.

Over in Asia, China -0.6%, Hong Kong -1.3%, Japan +0.4%, India currently +0.4%.


Yo-yo action for UK/Europe: FTSE flat, DAX +0.1%, CAC flat.

 

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

 

 

 

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

 

http://bigcharts.mar...com/default.asp

Share this post


Link to post
Share on other sites

Here it comes, Fed's Kashkari wants rate hike pause. No mention of a shrinking  balance sheet.

 

https://www.reuters.com/article/us-usa-fed-kashkari/feds-kashkari-citing-yield-curve-wants-rate-hike-pause-idUSKBN1K62EE

 

He was Paulson's boy who invented out of thin air the $700bn number that Bernanke and Paulson demanded from congress during the 08 crisis.

 

He's not even a FOMC voting member now however.  I am beyond shocked that Trump has not started crying about the Fed being 'tight'.  That is going to be ugly.

Share this post


Link to post
Share on other sites

The bleating has been going on for months. I've written about it a couple of times. Powell is a hawk. He's the new sherriff in town.  His voice is the only one that matters. https://suremoneyinvestor.com/2018/07/reuters-and-bloomberg-have-it-wrong-the-fed-bloodletting-is-still-right-on-track/

Share this post


Link to post
Share on other sites

I think, Jorma, you may be looking at 2019 before the Fed goes down to three rate hikes. They've put their credibility on the line for four rate hikes in 2018 and they won't back down. That's just my opinion. But the Fed feels they have good reason to remain hawkish.

Share this post


Link to post
Share on other sites

This is ugly. 

Share this post


Link to post
Share on other sites

This is normal.

 

I would say "The New Normal" but lets get real.......

 

~ 10 years of

 

Low in the Morning, then someone(s) JUST BUYS IT HIGHER AND HIGHER

 

LOD -> HOD with little to no down tick

 

SPX - 2800

DOW - 25K

 

>: FED speak today (Powell)......bwahaha

Share this post


Link to post
Share on other sites

Sorry, but I don't see anything bearish in the charts.

 

plenty of liquidity around

 

ath's are in spx and dow are coming

 

today will kickstart that

Share this post


Link to post
Share on other sites

2 day cycle projection 2814. 

Share this post


Link to post
Share on other sites

I don't doubt in the least that the Powell Fed will hold to balance sheet reduction for quite awhile.  Kashcari is just the first Fed head i have heard mention it at all. Of course under the ridiculous Fed Funds target story. 

 

I think the Feds assets will hit $20Tn, not $2th, eventually

Share this post


Link to post
Share on other sites

Poor GS. They should have appointed a goyum CEO. maybe changed their name to Smith Bothers or something.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.


Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!



Old Stool Depository


The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us




Market Quotes are powered by Investing.com.
×