Loading ...Ridiculous!
Since the 10-year crept to 1.7% before the January jobs report, unleash a horrible report to try and tame the yields!
A knee-jerk reaction from 1.769 down to 1.72.
Keep in mind that we were at 1.37 on December 20th.
David Hunter has maintained we will see a 2% print on the 10-year yield in the next few weeks (days ?)
Just like the understated inflation numbers, for which I am always indebted to (as a young man still in his 30s I first read) John Williams’ ShadowStats, the unemployment percentage was understated all along these years. I think next month the BLS will downward revise even this horrible number and the Fed will then blame the “bad” jobs report as a reason for delaying the next hike. That “delay in rate hike” will then trigger the blow off top, as David Hunter maintains.
Opinions?
GL
Here’s an Opinion GL
The Unemployment Rate 3.9% ?
Thats Bullshit…more like 13.9%
That’s a fact rather than an opinion!
Do they ever tell us how many billions are being spent on unemployment checks? If the unemployment rate is so low, then a few billions must have been saved, right? Hence the deficit spending should be somewhat lower then, right?
Also regarding, the blow off top in Nasdaq etc., is the Fed going to help some hedge funds exit their tech positions? This is not a New Year start the hedgies (read tech pumpers) wanted, after a missing Santa rally in 2021.
The below article was a great read, courtesy of 321gold.com, hence sharing :
https://adventuresincapitalism.com/2022/01/03/the-great-rotation/
GL
Justina just gave our Indians 40 billion, I view this as stimulus for they will blow it into the wind. Saskatchewan Indians want the army to come in and cut firewood for them now. Talk about no self worth.
Anything they put out of their cake holes, is absolute dogshit.
Maybe there will be a token rate hike, 25bps, but nothing more than that.
The US and global economy is already in a depression, with money velocity at close to zero, and economies imploding. Europe is finished. Its over.
Opinion? Don’t think so in regards to the market eating up and feeding on some pointless government statistic. It responds to one thing only, money printing. I know Hunter and several others now are calling for a melt up to ATH after a dip. I think we have seen the highs, they just came SPX 4 Jan. INDU 5 Jan NASDAQ 22 Nov 2021. I don’t think they will be exceeded and that leaves Hunter and others sucking their thumb holding the bag waiting for the market to rally. I am looking for a hard drop then rally but fail to reach the highs mentioned. Then comes the trap door.