DrStool Posted September 23 Report Share Posted September 23 See for yourself. Here's the hourly 24 hour ES, S&P futures chart. Looks like another launchpad. Stars Are Aligned Lee Adler 2 - Technical Trader September 23, 2024 If everything points up, can the bulls be denied? Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! It's interesting that the New York Times just pointed out that financial conditions have been easy even before the Fed cut rates last week. I've been pointing that out in Liquidity Trader since February. That's typical. The mainstream media is usually about 6 months behind me in recognizing what's going on. It pays to pay attention to the data and not what Wall Street says about it. Macro Money Blows the Roof Off I'm working on an update as we speak. Meanwhile, the 10 year yield begs the question of whether the markets are about to start tightening on their own, just as they loosened on their own. Actually, It wasn't on their own. The Treasury issuance of mass quantities of T-bills fed the flames of bullishness by creating unlimited instacash repo loans. Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils Here's Hard Evidence that the Slowing Economy Narrative is False Are you ready for this? It's 17 billion more than I had estimated for the end of month issuance. That's because I neglected to include an estimate for the fact that the Fed is still doing QE, lest we forget. Macro Money Blows the Roof Off Meanwhile, check this out. Gold Sings Higher and Higher So are the BTC bros settin up for a breakout, or something else? I have a lot of euros socked away to fund my expenses for a year, but will have have to pedal harder and harder to keep up. This is a classic cup and handle. If it breaks out, I'll need to be a good currency trader over the next year. For moron the markets see: Gold Sings Higher and Higher September 19, 2024 Macro Money Blows the Roof Off September 17, 2024 Swing Trade Screen Picks – Eight Is Enough September 17, 2024 Stock Market Has Perfect Lineup for Fall Classic September 16, 2024 Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils September 11, 2024 Here’s Hard Evidence that the Slowing Economy Narrative is False September 8, 2024 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. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 23 Report Share Posted September 23 The chart shows that we have looser and looser financial conditions in US since 2022, contrary to the narrative of many economists. This is one of the main answers why the US economy is doing well. The rate hike hasn't exactly worked. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 23 Report Share Posted September 23 Quote Link to comment Share on other sites More sharing options...
SiP Posted September 23 Report Share Posted September 23 Gold not making top last week is interesting development. Its streched. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 23 Author Report Share Posted September 23 Up $100 billion in a week. Thanks to this: $108 billion in T-bill paydowns. All as expected. They've made it more difficult, but still publish enough information that with some data aggregation and disaggregation, we can figure out what's coming. And what enabled all those paydowns? Withholding Tax Collections Support Sufficient Liquidity Growth Sept 2, 2024. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 23 Report Share Posted September 23 You are correct Lee, economy is not in the recession. There is still ample liquidity in the system and conditions re loosening. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 23 Author Report Share Posted September 23 But by the time Wall Street media starts reporting it, it's very late in the game. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 23 Author Report Share Posted September 23 Looking at this, thinking. hmmmmmmm.... https://fred.s Quote Link to comment Share on other sites More sharing options...
SiP Posted September 23 Report Share Posted September 23 Rentless bid higher till 09/26 Quote Link to comment Share on other sites More sharing options...
SiP Posted September 23 Report Share Posted September 23 Goldman is sayin 2700 on gold by 2700. Perceived disconnect between gold prices and interest rates is actually due to increased gold purchases by EM central banks concerned about US financial sanctions and rising US debt. This surge in central bank demand has elevated gold prices and reset the relationship between gold prices and absolute interest rate levels. Quote Link to comment Share on other sites More sharing options...
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