ADP, aka the least reliable data provider on earth, said 214k jobs were added over the past month, well ahead of expectations. Recent market success has indeed made you slothful and craven for more Federal Reserve induced pain.
What the fuck am I talking about?
First, let me just remind you that markets found a bid after market conditions wrecked portfolios and caused the very best propagandists on Wall Street to lobby the Fed to chill out. Since then, the Fed has eased up on their rhetoric, which has permitted stocks to rally.
And now all of the chatter on Twitter is pointing to a singular theme, which is ‘if the economy is doing so good, then the Fed must hike in March.’
Some of these people actually believe it’d be a good thing, since it worked out so grand the first time.
‘It’s not gonna be so bad. The economy can handle it.’
The fuck it can.
You will rue the day you clamored for that crazy woman, Yellen, to enter back into rate hike discussions. Be grateful for the respite you’ve enjoyed in recent weeks. Rest assured in knowing that the second rate hikes are back on the table, all of your degenerate gains will David Copperfield right out the fucking door in what will be a bidless market.
The truth will be laid bare in forex markets.
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Meeting Prob Of Hike
03/16/2016 10.0%
04/27/2016 24.4%
06/15/2016 39.5%
07/27/2016 41.9%
09/21/2016 52.4%
11/02/2016 55.3%
12/14/2016 66.0%
02/01/2017 66.7%
Fed won’t surprise mkts, so the worst case scenario for March meeting is they make clear they want to hike in April and all these probabilities race higher.
Twitter is filled with morons. No chance of a hike in March, regardless of the 10% figure above.
i like girls that wear abercrombie & fitch.
Weezer
lolz VRX + 6
It’s time to move sideways (like a crab.)
Looking forward to more shenanigans from the Fed governators.
One of the few movies that I chuckle at throughout- Little Shop of Horrors.
FEED ME!!!
David Copperfield’d
Funny how the markets are giving everyone who didn’t sell around the Xmas rally levels the chance to once again exit the market….
USDJPY leading the way down in spite of the slow equity tape.