Yeah who could of predicted that...SPY nearly back to pre-CPI data levels.
Who cares about inflation, eh!?
Doesn't have to be today but would really like to see QQQ close the week above it's 200d and the vix below 20. Dominoes are lining up for us to make a push at 4700. Seasonally the market is normally weak'ish all the way till end of March, so more chop wouldn't be surprising either. Very healthy if the market is consolidating above LT moving averagesThe real question is do we go green today?
Doesn't have to be today but would really like to see QQQ close the week above it's 200d and the vix below 20. Dominoes are lining up for us to make a push at 4700. Seasonally the market is normally weak'ish all the way till end of March, so more chop wouldn't be surprising either. Very healthy if the market is consolidating above LT moving averages
Challenge read right now is that the market wants it to stop at 2%, but with interest rate moves we tend to overshoot then settle back into a range. How "fearful" the market would be during an overshoot is the issue. I'm pretty confident market wants to head higher if rates will settle down into a range and there is nothing scary about 2% its the rate of change that sends things to shit.10 year just topped 2%
God damnit Im trying to get poz here.SPY just took a huge shit again.
Looks like Fed Bullard said he agrees with a 50bp move and is "open to inter-meeting increases". Whatever that means.
10yr on the rise again too
It should be illegal for Fed officers to speak outside of the quarterly meetings, especially since all the fuckers trade/invest in the markets.SPY just took a huge shit again.
Looks like Fed Bullard said he agrees with a 50bp move and is "open to inter-meeting increases". Whatever that means.
10yr on the rise again too
Kind of silly for the market to move on the most hawkish fed member who they never listen to.SPY just took a huge shit again.
Looks like Fed Bullard said he agrees with a 50bp move and is "open to inter-meeting increases". Whatever that means.
10yr on the rise again too
And its not even Friday yet.Man, what a volatile day. Gap up, then hot CPI sold hard in the pre, only to regain all losses intraday, then dump completely back to premarket CPI data lows.