IT SHOULD BE NOTED, the great big breasted algorithms of Exodus called the bottom to the exact day, yet again. Your systems are shit, in comparison.
How does this happen?
A Sublime Harmony of Mathematical Precision (SHOMP) is how it happens. We measure stress points in the market and adjust. The algorithms are now humming along, rather sublimely, nailing market bottoms to the exact day — gifting this prize to a select few lads and lassies who’ve come upon iBankCoin for a nominal fee that is both absurd and charitable.
On my trading end, I can only insist that you establish a ledger to track my wins — truly astounding. My quant, bar-none, leagues and scores above anything your retarded advisors have to offer.
Markets do not bottom on Friday’s — they soar!
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markets DO bottom on Friday..Check last friday
QE has restarted!
https://www.zerohedge.com/markets/second-week-row-fed-buys-treasuries-qe4
TL;DR: No, it hasn’t.
This is the second time in a week that Hamilton/Econmica and ZH made that claim.
The two major holdings of the FED are US Treasuries adn Mortgage Backed Securities. During QE, the FED was buying both. They’ve been trimming their MBS holiding in favor of Treasuries since September 2017.
Those of you that care, can read these and notice the langauge change on MBS reinvestement and amounts.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20170920a1.htm
https://www.federalreserve.gov/newsevents/pressreleases/monetary20190731a1.htm
https://www.federalreserve.gov/releases/h41/
FED Holdings:
July 31 $3.75T (Treasuries: $2.09T, MBS: $1.51T)
Aug 14 $3.74T (T: $2.08T, MBS: $1.51T)
Aug 28 $3.72T (T:$2.09, MBS $1.50T)
In the last 2 weeks they trimmed their holdings by over $20B. If “QE” contined at that pace, it would reach over *negative* half a Trillion in a year (and is in fact currently half a trillion lower than 2018).
details details details
ferd he’s no fun at all just trying to look smart and he tears me right down off to my safe space
Just wait awhile: QE4 is practically guranteed. If it wasn’t, why would investors buy 30-yr bonds paying under 2.0% (or negative for foreign bonds)? I gurantee that if they had to hold these bonds ’til maturity, interest would drop off like a rock.
Beside with the budget deficit this high in a 10yr econmic expansion, the national debt and interest rates woudl skyrocket in the next recssion without CBs backstopping them.
Yes, Numbers is obnoxious ..but, despite his table being misleading, he’s correct. While Treasury purchases were up over the past week, MBS holdings were reduced by an even greater amount.
The table is not misleading. ZH and Econmica have been caliming QE for 2 weeks, so i simply showed the changes during the last two weeks and the previosu 2 weeks for compariosn. That seemed like the least biased way to do it.
Also, I even posted my 1st-hand source, so anybody can post a rebuttal showing where I went wrong, but we both know THAT’S not going to happen.