Not ending QT, just tapering from $60B to $25B per month and no change in rates with an emphasis on waiting for a ‘sustainable’ movement toward a 2% goal. Well, it’s at least a little something I guess.
Actually some of today’s candles in the miners were ugly. HL, one of my biggest holdings, in particular looked terrible today. It’s already down about 20% from its recent high a few of weeks ago.
I mean we do have a bunch of inverted hammers at the end of downtrends, which is typically bullish, but something about this stinks. need to stop watching day to day action…
Not ending QT, just tapering from $60B to $25B per month and no change in rates with an emphasis on waiting for a ‘sustainable’ movement toward a 2% goal. Well, it’s at least a little something I guess.
That is literally de facto easing. No other way to interpret it IMO.
It is slowing the rate of tightening. Not really QE (easing).
Thanks Ken
lets see how it is digested….
Big Fat Nothing
Actually some of today’s candles in the miners were ugly. HL, one of my biggest holdings, in particular looked terrible today. It’s already down about 20% from its recent high a few of weeks ago.
I mean we do have a bunch of inverted hammers at the end of downtrends, which is typically bullish, but something about this stinks. need to stop watching day to day action…