Fed Day
Was a DUD yet again
Does anyone else miss the Days when Fed Day would either crush our portfolios or boost them ?
Sheesh…no fun anymore
Was a DUD yet again
Does anyone else miss the Days when Fed Day would either crush our portfolios or boost them ?
Sheesh…no fun anymore
Ha ha. I think it clears the way for a rally to $1750 though.
My thoughts exactly Northstar. They let and even removed all ambiguity about the macro drivers for PMs and stocks. Its up up and away for all! Except savers and fixed income individuals.
Next rate cut will happen in June – 1/4 point – according to James Rickards.
The rate cut probabilities would seem to agree with that. Facebook taking a plunge after hours… if this can cascade in a continuation of the correction for US equities… probabilities for rate cuts will sky rocket… HOLD ON TIGHT
Stock futures are up and rising
almost a coin flip for June… rapidly increasing… if not June.. the odds will spill over for July… Squeeeeeeeeeze.
TOTAL PROBABILITIES
MEETING DATE DAYS TO MEETING EASE NO CHANGE HIKE
18/03/2020 48 6.64 % 93.36 % 0.00 %
29/04/2020 90 20.65 % 79.35 % 0.00 %
10/06/2020 132 42.19 % 57.81 % 0.00 %
29/07/2020 181 55.63 % 44.37 % 0.00 %
16/09/2020 230 68.94 % 31.06 % 0.00 %
05/11/2020 280 75.39 % 24.61 % 0.00 %
16/12/2020 321 80.48 % 19.52 % 0.00 %
Patrick, At some point probabilities for rate cuts, or actual rate cuts, will no longer influence markets in a positive way. We have what, 4-5 more rate cuts before it’s game over? Markets are smart enough to not wait until the jig is up to react badly; and of course markets will fool everyone as to WHEN this will happen.
Agreed… it’s a diminishing effect game… and if they don’t ease fast enough… it will slip into oblivion. I hope they can ease enought to not drop the ball… else brace for a hard drop in everything (expressed in us dollars) for a while.
What are you guys smoking ..Hopium ?
All I heard from The Man was The economy is great
Unemployment is the lowest ever in history
People who were out of the work force are coming back in.
Repocalypse is an illusion and they expect to have this little glitch under control soon.
The trade deal has removed uncertainty and the virus is not an issue at this point.
What did I miss please
Well, there’s always tomorrow for some Day-After-Fed fun!