DrStool Posted September 20, 2023 Report Share Posted September 20, 2023 Today's the big day. Uncle Jerry's Circus Is Here Under the Big Top, or big bottom, not sure which yet. We won't know until the show and the following Uncle Jerry's Dog and Pony Show for the Assembled is finished. So stay tuned sports fans. And let the games begin. Keep in mind, that nothing that happens today matters. The real business of business returns to the airwaves tomorrow. I won't deign to attempt interpretation of this chart. It's a mess. In between the levels of 4415 and 4467 it's all noise, all the time. Talk to me when we've broken out. Shape of the 6-month Cycle Bottom For moron the markets, see: Screen Picks – An Awful Week, But Hold On a Minute! September 18, 2023 Shape of the 6-month Cycle Bottom September 17, 2023 Gold Teeters Toward Disaster September 13, 2023 Here’s Why This Stuck Market Is Not Surprising September 13, 2023 Beware! Jobs Really Much Weaker Than They Say September 4, 2023 Here’s Why This Is a No Clickbait Market for Primary Dealers August 24, 2023 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder. Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2023 Author Report Share Posted September 20, 2023 The big news is the attempted jailbreak on the 10 Year Treasury Yield. They're above the October 2022 high of 4.33, but really need to break 4.40 for an upside breakout. I'll get into a deeper look and outlook in the next Liquidity Trader update. Link to comment Share on other sites More sharing options...
potatohead Posted September 20, 2023 Report Share Posted September 20, 2023 I thought this was a joke at first. Bernanke Tapped to Find Out Why U.K. Central Bank Misjudged Inflation https://www.wsj.com/articles/bernanke-tapped-to-find-out-why-u-k-central-bank-misjudged-inflation-99f357ea Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2023 Author Report Share Posted September 20, 2023 2-3 day cycle projection 4475-80 Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2023 Author Report Share Posted September 20, 2023 1 hour ago, potatohead said: I thought this was a joke at first. Bernanke Tapped to Find Out Why U.K. Central Bank Misjudged Inflation https://www.wsj.com/articles/bernanke-tapped-to-find-out-why-u-k-central-bank-misjudged-inflation-99f357ea Somebody splain to me what's wrong with these people. Link to comment Share on other sites More sharing options...
fxfox Posted September 20, 2023 Report Share Posted September 20, 2023 58 minutes ago, potatohead said: I thought this was a joke at first. Bernanke Tapped to Find Out Why U.K. Central Bank Misjudged Inflation https://www.wsj.com/articles/bernanke-tapped-to-find-out-why-u-k-central-bank-misjudged-inflation-99f357ea Hilarious. It‘s like appointing KPMG to have a look why Andersen „failed“ at Enron. Of course they would never say that something within their own industry is and goes fundamentaly wrong… Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2023 Author Report Share Posted September 20, 2023 2 minutes ago, DrStool said: 2-3 day cycle projection 4475-80 4 day basis 4465-70. 5 day too early to call. Link to comment Share on other sites More sharing options...
BreakOut Posted September 20, 2023 Report Share Posted September 20, 2023 Willie Sutton tapped to explain rash of bank robberies. 1 Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2023 Author Report Share Posted September 20, 2023 15 minutes ago, BreakOut said: Willie Sutton tapped to explain rash of bank robberies. 🤣🤣🤣🤣 Link to comment Share on other sites More sharing options...
Jorma Posted September 20, 2023 Report Share Posted September 20, 2023 What a bore. I just stare at the weekly and monthly TNX and DXY charts. At this juncture do they want King Dollar? I guess it depends on who they are but the banks always opt for more money and this rally in rates is getting long in the tooth. Maybe it won't be in their hands going forward though. Link to comment Share on other sites More sharing options...
BurntOnce Posted September 20, 2023 Report Share Posted September 20, 2023 higher for longer means default on debt. Link to comment Share on other sites More sharing options...
SiP Posted September 20, 2023 Report Share Posted September 20, 2023 no more soft landing as baseline Link to comment Share on other sites More sharing options...
SiP Posted September 20, 2023 Report Share Posted September 20, 2023 We had big news in Poland today gov ban deloitte audit for 3 years after they failed a audit at getback company and people lost like 2 bln eur more or less. Getback was sellin corp bonds to clients which in the end were worth 0. Deloitte now try to defend themself in the court https://www.bankier.pl/wiadomosc/Deloitte-Audyt-z-zakazem-dzialalnosci-w-Polsce-Echa-wspolpracy-z-GetBackiem-8614717.html Link to comment Share on other sites More sharing options...
fxfox Posted September 20, 2023 Report Share Posted September 20, 2023 8 minutes ago, SiP said: We had big news in Poland today gov ban deloitte audit for 3 years after they failed a audit at getback company and people lost like 2 bln eur more or less. Getback was sellin corp bonds to clients which in the end were worth 0. Deloitte now try to defend themself in the court https://www.bankier.pl/wiadomosc/Deloitte-Audyt-z-zakazem-dzialalnosci-w-Polsce-Echa-wspolpracy-z-GetBackiem-8614717.html Very interesting. Here a short article in english: https://news.bloombergtax.com/financial-accounting/poland-bans-deloittes-unit-from-auditing-financial-reports-rp Link to comment Share on other sites More sharing options...
fxfox Posted September 20, 2023 Report Share Posted September 20, 2023 Link to comment Share on other sites More sharing options...
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