Jump to content
Sign in to follow this  
aussiebear

World Stock Markets Trading Discussion - Episodic enervation

Rate this topic

Recommended Posts

1 hour ago, DrStool said:

Their job is to execute policy, not make it. They can now go and make millions in the private sector.  

"I'm very surprised that both of them would do this on the same day with three days' notice," said Tom Simons, a senior economist at Jefferies in New York. Simons said Potter's job, as head of the central bank's open-market operations, is "arguably more important than being president of the some of the regional Fed banks."

https://www.americanbanker.com/articles/ny-fed-loses-top-officers-including-potter-in-rare-double-exit

There must be something up that's ultimately political but it might not have anything to do with policy per say. The articles says the Potter guy was hoping to be made NY Fed president but that was over a year ago.

I discount the job is more important than regional bank president if only because that job is so unimportant. In fact I think that job, Regional Fed Bank Pres,  might be the  most cush job in the world. A huge title carrying no power at all. The maintenance men at the NY Fed have a more important job.

Edit. I guess I should say the NY Fed presidents job isn't quite so cushy. There is a lot more day to day actual stuff that gets done thus more things and people to actually manage.

Share this post


Link to post
Share on other sites

Double bottom with higher low. Extreme Dover Sole 5 day cycle oscillator but no positive divergence. 

Share this post


Link to post
Share on other sites

Multiple resistance lines 2786-87.  Clearance to 2802 if broken. 

Share this post


Link to post
Share on other sites

Big Treasury supply Friday for a change. Still, end of month wanting to make as good as possible I suppose.

I see links to ZH with rumblings of liquidity crunch in China after a big bank failure there. Anything there should be taken under advisement of course but structural systematic risk can't be ignored on the chance we could have big trouble.  Then there is DB in a death spiral. 

Share this post


Link to post
Share on other sites

Lee, while you  liquidity/shortage of T bills explanation for the yield curve is good that doesn't mean that everyone who runs money isn't seeing the economic numbers contract around the world.  I've been waiting for the NY TImes, the arbiter of all that 'serious' journalists, talking heads and the riff raff talk about, to say the economy is slowing.  Then today they didn't say that, directly, they said instead"The Bond Market Is Giving Ominous Warnings About the Global Economy".  I figure by the end of the week someone or other will be quoted about the possibility of the R word. Maybe they will hold off till  next week.  Once that word makes it out into the mainstream stocks are going to have a problem.

Share this post


Link to post
Share on other sites
15 hours ago, Jorma said:

Lee, while you  liquidity/shortage of T bills explanation for the yield curve is good that doesn't mean that everyone who runs money isn't seeing the economic numbers contract around the world.  I've been waiting for the NY TImes, the arbiter of all that 'serious' journalists, talking heads and the riff raff talk about, to say the economy is slowing.  Then today they didn't say that, directly, they said instead"The Bond Market Is Giving Ominous Warnings About the Global Economy".  I figure by the end of the week someone or other will be quoted about the possibility of the R word. Maybe they will hold off till  next week.  Once that word makes it out into the mainstream stocks are going to have a problem.

Plenty of headlines using the R word.  

https://www.google.com/search?q=yield+curve+recession&rlz=1C1CHBF_enUS726US726&source=lnms&tbm=nws&sa=X&ved=0ahUKEwiZrffZpMPiAhUFT98KHTBQAaQQ_AUIDigB&biw=1536&bih=722

 

Treasury Yield Curve Interpretation Is Like Freud’s Interpretation of Dreams – Utter Nonsense

Share this post


Link to post
Share on other sites

The logic of the mainstream narrative follows the market. The market follows liquidity. Economic actors whose actions move the economic data, both businesses and high end consumers, follow the stock market.

What will they say and how will they act when the debt ceiling is lifted, supply explodes, yields soar and stock prices collapse?  Stagflation.  

Share this post


Link to post
Share on other sites

The US has metastatic cancer from the tumor in the White House. 

Share this post


Link to post
Share on other sites

Ken Fisher is an ugly motherfucker permabull.  

Share this post


Link to post
Share on other sites

I need to write about something today. 

I'm dry. 

 

Share this post


Link to post
Share on other sites

Multiple downtrend lines on the intraday chart 2800-2804. 

Share this post


Link to post
Share on other sites

Need to bar the door at 2795. Otherwise looks bullsh. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

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

    Support your local Stool Board.

×
×
  • Create New...