Everything makes sense, with exception to the fact that the market doesn’t give a shit about the economy. It refuses to cede any real gains, as it pertains to chances of a Fed rare hike.
Yesterday, the chances of a September hike was 9%. Today it doubled, but only 18%. The chances for a December hike are just 40%. As a matter of fact, the market is pricing in zero rate hikes for the next year.
Whatever.
The dollar is still up big, commodities down, stocks up.
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255,000 new temporary and part time jobs. What could be better? Everything points to a slowdown, but companies are hiring like mad.
There will be one rate hike. It will be in December after they rig the election for Crooked Hillary.
The frustration and disbelief that is apparent in your comment sections will be the kerosene on the flames of this rally.
Safest time in history to be long. This market will never go down until Crooked Hill gives yellen the all clear after the election.
The market is rigged. The election is rigged.
TLT has a floor. Trump has a floor.
But they’re both loooosers (sic) from here
I’ve heard that before.
Does saying the election is rigged make Trump fans feel better? Lol
I’m sure it makes Bernie fans feel angry. No doubt the same for Trump fans
Regards
Chuck Bennett