DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 Testing testing. Link to comment Share on other sites More sharing options...
Jimi Posted June 28, 2022 Report Share Posted June 28, 2022 2 minutes ago, DrStool said: Testing testing. No need to get testy.... Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 28, 2022 Report Share Posted June 28, 2022 1 hour ago, DrStool said: They can just print it and deposit it in the accounts of the payees, whoever holds deposits or RRPs at the Fed. It would be an offset to QT, which will end by August anyway. 😆 have they actually done any "real" QT. Is their balance sheet reducing? Link to comment Share on other sites More sharing options...
fxfox Posted June 28, 2022 Report Share Posted June 28, 2022 If I would be a „market maker“ I‘d punish the „I gonna buy Amazon at the day of the split hand over fist!“-crowd. Quite sure it will happen anyway. 😂 Link to comment Share on other sites More sharing options...
DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 54 minutes ago, MisFit Kid said: have they actually done any "real" QT. Is their balance sheet reducing? Yes. Link to comment Share on other sites More sharing options...
DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 The market benefitted from exceptionally light supply in June. Link to comment Share on other sites More sharing options...
DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 2 minutes ago, DrStool said: Yes. Minimal so far. But keep in mind that this is a continuum. The reduction in QE that began 2 years ago was actually the beginning of QT. Any reduction in printing is tightening. So they've just been gradually ratcheting up the pressure every few months. It's a frog slowly boiling on the street in the sun. First it just gets sleepy. Then it's dead. Kind of like human life, come to think of it. Link to comment Share on other sites More sharing options...
DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 Or watching the US become a fascist theocracy. Now that the Supreme Court has legalized school prayer, I hope that the Satanists demand equal time. H/t to Seth Abramson for that idea. Link to comment Share on other sites More sharing options...
DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 I'm a little bummed that the market is selling off here. Last short on my chart pick list got stopped out yesterday. Bummer. Train may be leaving the station without us. I may need to interrupt this program for a special bulletin, but first gotta write a report. Link to comment Share on other sites More sharing options...
fxfox Posted June 28, 2022 Report Share Posted June 28, 2022 14 minutes ago, DrStool said: Minimal so far. But keep in mind that this is a continuum. The reduction in QE that began 2 years ago was actually the beginning of QT. Any reduction in printing is tightening. So they've just been gradually ratcheting up the pressure every few months. It's a frog slowly boiling on the street in the sun. First it just gets sleepy. Then it's dead. Kind of like human life, come to think of it. That‘s why many stocks fizzled out in Aug 2020, maybe went a bit higher, but the easy money was in most cases made by Aug 2020. Only shows once again that all that counts is liqui. Link to comment Share on other sites More sharing options...
sandy beach Posted June 28, 2022 Report Share Posted June 28, 2022 Two new very strange new ETFs: https://sec.report/Document/0001580642-22-002817/ The idea appears to be to buy and hold treasuries and swap into ETFs in large or small caps at the end of each day to hold overnight and swap back out in the A.M. Tickers are NSPY and NIWM. Brains are run by AlphaTrAI. https://www.nightsharesetfs.com So far AI hasn't done great at running ETFs but we'll see. Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 28, 2022 Report Share Posted June 28, 2022 11 minutes ago, sandy beach said: Two new very strange new ETFs: https://sec.report/Document/0001580642-22-002817/ The idea appears to be to buy and hold treasuries and swap into ETFs in large or small caps at the end of each day to hold overnight and swap back out in the A.M. Tickers are NSPY and NIWM. Brains are run by AlphaTrAI. https://www.nightsharesetfs.com So far AI hasn't done great at running ETFs but we'll see. Is this based on the theory/reality that most gains in the indexes happen in the overnight futures and not when the stock exchanges are actually open? Link to comment Share on other sites More sharing options...
sandy beach Posted June 28, 2022 Report Share Posted June 28, 2022 12 minutes ago, MisFit Kid said: Is this based on the theory/reality that most gains in the indexes happen in the overnight futures and not when the stock exchanges are actually open? At least that's what their site shows. But can you overcome the trading fees and management expenses by holding treasuries? Link to comment Share on other sites More sharing options...
DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 38 minutes ago, sandy beach said: Two new very strange new ETFs: https://sec.report/Document/0001580642-22-002817/ The idea appears to be to buy and hold treasuries and swap into ETFs in large or small caps at the end of each day to hold overnight and swap back out in the A.M. Tickers are NSPY and NIWM. Brains are run by AlphaTrAI. https://www.nightsharesetfs.com So far AI hasn't done great at running ETFs but we'll see. Oh is this going to end badly. Chasing the last decade's winning horse. Link to comment Share on other sites More sharing options...
DrStool Posted June 28, 2022 Author Report Share Posted June 28, 2022 I'm really surprised that that rally didn't stick at all. I thought a little pullback, then more upside. WRONG. Maybe Tamara? Link to comment Share on other sites More sharing options...
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