aussiebear Posted July 17, 2018 Report Share Posted July 17, 2018 Early openers mixed: Kiwis flat, Aussies -0.2%, Japan +0.4%, Sth Korea -0.4%.Little movement in Aussie sectors, Consumer Staples +0.5% down to Energy -1.6%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted July 17, 2018 Author Report Share Posted July 17, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted July 17, 2018 Author Report Share Posted July 17, 2018 http://money.cnn.com...s/morning_call/http://www.kitco.com http://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted July 17, 2018 Author Report Share Posted July 17, 2018 http://www.engrish.com/2017/08/pay-attention-its-a-lot-of-important/ Found on notebook cover in S. Korea. Link to comment Share on other sites More sharing options...
aussiebear Posted July 17, 2018 Author Report Share Posted July 17, 2018 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. http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted July 17, 2018 Author Report Share Posted July 17, 2018 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
Jorma Posted July 17, 2018 Report Share Posted July 17, 2018 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. Link to comment Share on other sites More sharing options...
DrStool Posted July 17, 2018 Report Share Posted July 17, 2018 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/ Link to comment Share on other sites More sharing options...
sandy beach Posted July 17, 2018 Report Share Posted July 17, 2018 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. Link to comment Share on other sites More sharing options...
DrStool Posted July 17, 2018 Report Share Posted July 17, 2018 This is ugly. Link to comment Share on other sites More sharing options...
MisFit Kid Posted July 17, 2018 Report Share Posted July 17, 2018 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 Link to comment Share on other sites More sharing options...
CandlestickIT Posted July 17, 2018 Report Share Posted July 17, 2018 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 Link to comment Share on other sites More sharing options...
DrStool Posted July 17, 2018 Report Share Posted July 17, 2018 2 day cycle projection 2814. Link to comment Share on other sites More sharing options...
Jorma Posted July 17, 2018 Report Share Posted July 17, 2018 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 Link to comment Share on other sites More sharing options...
Jorma Posted July 17, 2018 Report Share Posted July 17, 2018 Poor GS. They should have appointed a goyum CEO. maybe changed their name to Smith Bothers or something. Link to comment Share on other sites More sharing options...
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