(USTs MIXED, mixed data o/n)while WE slept (and while I am still catching up with moves and responses TO data, central planners letters TO Santa, etc...)
(USTs MIXED, mixed data o/n)while WE slept (and while I am still catching up with moves and responses TO data, central planners letters TO Santa, etc...)
Good morning. I’m back … what did I miss? ANSWER — LOTS. For starters, weaker than exp PPI (not a game changer for the FED), STRONGER ReSale Tales (clearly ALSO perceived to NOT be a game changer for the Fed), TONS of data out of China, ECB, BOE and, well, the FED so …
I'm sticking to my Resessionista views, and me thinks that 100 bps waterfall indicates something somewhere has already broken, and my gut tells me this stonk market's a Fools Gold rally. I think Powell & Co see something a-coming, and DMB could be very well right too-a preemptive pre-election Powell pivot. I have to restrain myself from calling Powell a cheap Walmart folded in the wind camping tent (I've had a few!); so thanks as always time to clear the mind and go SKIING :)!
agreed. I think Powell and co have had a earful from CEOs around the country during these Fed Listens events. They want to provide that relief asap. These guys dont have the balls to pull a "Volcker" ahahah
Now when they say "we are at or near the peak" it sounds fake
When Powell didn't talk down the market last wk, and now this FOMC pump, I think it's highly probable they're going for some 'wealth effect' confidence via these markets running wild. Thanks!
big one today
Wow......Powell's Holiday Gift......Incredible!!!!
Soft Landing......Goldilocks???
Powell: Monetary Wizard or just Lucky ????
Powell is blessed with an extremely resilient Labor Market, partly based on Demographics.
(Older folks retiring early and creating opportunities for younger workers, Labor Pool Shrinks overall)
That's a petty Big Backstop....
It's been a LONG 3 YEARS.......
Hallelujah !!!!
Happy Hanukkah and Merry Christmas to all !!!!!
I'm sticking to my Resessionista views, and me thinks that 100 bps waterfall indicates something somewhere has already broken, and my gut tells me this stonk market's a Fools Gold rally. I think Powell & Co see something a-coming, and DMB could be very well right too-a preemptive pre-election Powell pivot. I have to restrain myself from calling Powell a cheap Walmart folded in the wind camping tent (I've had a few!); so thanks as always time to clear the mind and go SKIING :)!
agreed. I think Powell and co have had a earful from CEOs around the country during these Fed Listens events. They want to provide that relief asap. These guys dont have the balls to pull a "Volcker" ahahah
Now when they say "we are at or near the peak" it sounds fake
When Powell didn't talk down the market last wk, and now this FOMC pump, I think it's highly probable they're going for some 'wealth effect' confidence via these markets running wild. Thanks!
Bernanke would be proud 😂
LOLLLL