iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,556 Blog Posts

RATES ARE PRICING IN FED EASING

The 10 yr is -15bps to 3.55%, after the Fed said they would HIKE by 50bps in December. The way bonds are trading now would suggest the FOMC will EASE in 2023, which isn’t happening.

The dollar is down 1% against the Euro and risk is on.

Markets aren’t really rallying, but we are digesting yesterday’s gains quite well.

My Quant is +155bps and the final quant portfolio for 2022 was been posted. It has been an impressive year for that strategy, so good I’ve decided to allocate my trading account into a weekly version of it and trade tactically around it.

Fundamentally, we are doomed. EPS are down 30% YOY but markets want higher. So what can we do other than give in and follow the peanut shells?

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6 comments

  1. TheBigRagu

    The weekly Quant sounds VERY interesting.

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    • purdy

      Indeed.

      Fly, I might even put a crowbar in my wallet and rejoin if you publish it weekly …each entry with a month hold time or some such.

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  2. fxtradepro

    Blackrock limiting redemptions – probably nothing

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  3. roguewave

    apple weaponizing their platform, more
    I’m sure it will work out well
    https://watcher.guru/news/apple-blocks-coinbase-wallet-release-on-ios

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  4. soupbone

    This is going to be the most drawn out affair imaginable. We must patiently wait which is not easy.

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