SiP Posted January 10, 2023 Report Share Posted January 10, 2023 We have an incredible discrepancy between the media and twitter narrative of an incredible recession vs stock market quotes. Poland's blue chips index WIG20 priced in dollars (WIG20USD) has gained 80% and the EPOL ETF has gained 70% since the October 2022 low. It's hard to be pessimistic. According to anal cysts, this is the best start for the Polish stock market since 2002. Link to comment Share on other sites More sharing options...
SiP Posted January 10, 2023 Report Share Posted January 10, 2023 Link to comment Share on other sites More sharing options...
SiP Posted January 10, 2023 Report Share Posted January 10, 2023 gold - gold cross Many posts recently have pointed to the effect of the reversal of the downtrend which is the appearance of a golden cross formation on the daily chart. It so happens that the intersection from the bottom of the SMA200 average (red) by the SMA50 (blue) can also be seen today on gold. The price of precious bullion is struggling for the second consecutive day against resistance in the region of $1880. So far without success for the bulls despite the weakening (until yesterday) of the dollar and the decline in US 2-year yields. If the bulls would nevertheless succeed in dragging gold up, the level of $1900 with a Fibo of 61.8% may be a more difficult barrier to pass so on the march. Link to comment Share on other sites More sharing options...
SiP Posted January 10, 2023 Report Share Posted January 10, 2023 Fed rates march 2023 - end of increase pause dec 2023 - start of decrease Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 9 minutes ago, SiP said: I posted on the death of inflation in late November and mid December. Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 This rally is fueled by leverage. Live by the sword, die by it. Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 7 minutes ago, SiP said: Fed rates march 2023 - end of increase pause dec 2023 - start of decrease Have they ever been right? Link to comment Share on other sites More sharing options...
SiP Posted January 10, 2023 Report Share Posted January 10, 2023 5 minutes ago, DrStool said: Have they ever been right? thats the current market pricing. Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 17 minutes ago, SiP said: thats the current market pricing. Right, but how is that useful? A bunch of traders sitting around predicting the future? Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 People are buying January 2025 Fed Funds futures? Fed funds are overnight bank to bank loans, and it's a completely arbitrary fake rate. When there are excess reserves, almost no one needs to borrow Fed Funds. They are fake trades on nothing. How do Fed Funds futures differ from cryptocurrency, for example? It's merely a means of gambling on nothing, seems to me. Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 Are we there yet? Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 I'm hungry. Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 Are we there yet? Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 I gotta go potty. Link to comment Share on other sites More sharing options...
DrStool Posted January 10, 2023 Author Report Share Posted January 10, 2023 Are we there yet? Link to comment Share on other sites More sharing options...
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