If at First You Don't Suck, Cede 1/25/23

[fxfox]

5 hours ago, SiP said:

"$MSFT is only 1% away from going green after telling the market they aren't going to be growing anymore. $NFLX same story, $BA same thing, $GE as well.  There's a trend, market is ignoring reality and trying to hold the shit together until FOMC + $AAPL earnings  Time will tell$MSFT is only 1% away from going green after telling the market they aren't going to be growing anymore. $NFLX same story, $BA same thing, $GE as well.  There's a trend, market is ignoring reality and trying to hold the shit together until FOMC + $AAPL earnings  Time will tell if they can be successful or not. If, however, we do start closing back below the 200sma there will be no stopping the tidal wave of selling.  As a bull, do you think the odds are in your favor and that you should be buying the dip below the trendline?"

SAP posted more or less catastrophic numbers this morning, far worse than expected. Stock down 2%, that ain't that much.

It seems that we are absolutely awash in liquidity, cause when bad news is ignored that was always a sign that there is plenty of liqui out there.

The FED has it now all in its hands: If they don't speak and act ultra-hawkish on Feb 1 than this whole thing will explode to the upside. God forbid that they give hints that they could redurce pace of balance sheet reduction or so. In that case we would hit 5000 by early June.

Market doesn't believe in a deep recession. This whole seems and feels to be artificial, it is anchored. So market says: "If it is artificial, than it can be rolded back easily." Bears say: It gets out of hand and FED will lose control at a certain point. That is the battle which is going on.

[SiP]

GDP print today

Median (BBG): 2,6% (min 1,2%, max 3,9%)

Best forecaster (BBG): 3,9%

Fed Atlanta GDP Now: 3,5%

Fed St. Louis STLENI: 0,44%