Markets are evidently rallying on the news of an emergency rate hike being supplanted upon the market in April. Just a few days ago, the market was slathering itself in the refuse of zero rate hikes through 2016. Then the Fed meeting revealed ‘maybe 1 or 2’, as early as June. Well, today, two Fed officials, Lockhardon and Williams, said in separate, but deliberate, speeches that a hike was possible as early as April.
If done, this would be a non-conference meeting, which could be construed as something being done posthaste and without regard for market sensitivities.
Seeing the market up, one could only imagine it enjoys this flair coming out from the Federal Reserve and looks forward to future emergency tightenings–because inflation and full employment are such pressing issues of our time.
FML.
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There’s way too much FX & market manipulation to try seriously trading this market
Where can u stash cash? FCF machines in the REIT, Utilities, & Consumer Staples are already super pricy. I set trailing stops on all of them last Wednesday
TLT has headline risk of being dismantled by idiot Fed members
I’m not inclined to want to throw cash on a SPY roulette wheel of 18x earnings and a declining 200dma
Fuck the Fed i want the free-market back!
Are we back to where jawboning is the new hiking rates? We’re back to Fed decisions not to hike rates, interspersed with jawboning about hiking rates. I guess the market is rallying a bit because the Fed is going to fix the problem with inflation that we don’t have. If they can fix problems that we don’t even have, imagine how good they would be at fixing problems we actually do have.
more devildogs coming
Three hawkish statements in one day?
my boatload of super cruddy TVIX has followed the Ark into the Bermuda Triangle
+10 or +20 EVERY DAY FOREVER
Gimmie my 80 point a day please.
Same playbook when they punted last time