This is not a good reason to rally.
FOMC: “with inflation remaining well above the Committee’s objective, participants remarked that moving to a restrictive stance of policy was required to meet the Committee’s legislative mandate to promote maximum employment and price stability”
But we rally nonetheless, at least for now — because markets want higher. How long this rally will continue remains to be seen. I took some longs in various commodity stocks with only a 5% hedge long UVIX.
I do feeeel the commodity trade could be a trap here and oil might gap down again. Ergo, I won’t go too heavily long and will balance it out with other areas of the market. By the end of the session, my hedges will be 15-25%.
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Check Gold, classic. Futures are the influence medium of choice. Pure 100% manipulation by bullion banks.
“recession” not mentioned in Fed mins
@PrestonPysh
A quote from the new UN article:
“Hunger has great positive value to many people. Indeed, it is fundamental to the working of the world’s economy. Hungry people are the most productive people, especially where there is a need for manual labour”
It’s as disturbing, as it is sad that the market lifted after the fed minutes. The market should be at the lows for the day. Asinine might be best to describe it.
The danger lies due to 14 years of artificially keeping the market high, many participants still believe it will not naturally adjust (as it most certainly should be allowed to do).
Fiddle faddle!
Commodities have industrial demand and they have speculative demand. Nowthen, the speculative demand, if scared off, becomes supply. That’s target #1 and in progress.
The rest, talk to Larry Fink.