Not only does he want the god damned Fed to stop hiking rates, he also wants them to stop their god damned tapering.
I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!
— Donald J. Trump (@realDonaldTrump) December 18, 2018
Happy morning to you and I hope you’re enjoying the theatre. Futures are up more than 200, yet oil is crushed into the fucking ground — off by more than 2%. Yields are sharply lower, with the 10 yr at 2.83%, and gold is flat. In other words, all of the risk off assets are secured, which makes this young and fresh rally tenuous, at best.
Nevertheless, we’re just around the corner from Xmas and the presents are stacking up next to the tree. Little Jimmy is hoping to get that brand new bee-bee gun and Sally would like a new set of dolls. It would be unfair, perhaps criminal, to see stocks trade any lower so close to the pagan holidays. Nevertheless, I remain long a variety of inverse ETFs, sordid assets designed to break men into pieces — traps for gamblers and the overzealous.
All I ask for on this Xmas is for a very bloody and horrific trading season. Is that too much to ask? Am I being greedy in my desire to see everything cracked asunder and pushed into the sea?
If oil doesn’t bounce, the rally fails. That’s all there is to it.If you enjoy the content at iBankCoin, please follow us on Twitter