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
20,328 Blog Posts

Reminder: The Fed Is Coming to the Rescue

Economic cycles aren’t permitted to exist in this dojo. The market is now pricing in a sharp December rate cut — because that’s what the Fed does — bail out those in need of bailing out.

72% chance of it happening now. And the odds of a rate cut earlier than December are rising sharply today — thanks to traders sperging out.

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  1. tmmdn0

    I don’t know.
    Richard Fischer was just on Fast Money and Scott Wapner asked him directly if the Fed would step in to support stock prices like they’ve done in the past. Fischer said something like “I don’t buy that”.

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  2. one-eighty

    The Chinese are making noises about dumping their treasuries and if that happens the Fed will have to raise rates.

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