Mike Burk's charts show a glimpse in history.
Mid March has it's own lore.
Beware the backstabbers, especially your BFF!
(Mr Dow or Russell might be a better BFF choice than SPX)
Posted 26 February 2017 - 10:20 AM
Mike Burk's charts show a glimpse in history.
Mid March has it's own lore.
Beware the backstabbers, especially your BFF!
(Mr Dow or Russell might be a better BFF choice than SPX)
Posted 27 February 2017 - 12:13 AM
you cant mean the Fed?
Posted 27 February 2017 - 02:46 AM
Posted 01 March 2017 - 02:51 PM
The probability of a rate hike has moved up to 68 percent.
Three steps and a stumble is the old adage.
It doesn't work now, especially since the Fed lately hikes only when there's QE running at the same time (2002-2006 and 2014-2016).
With the announcement yesterday, Japan and Europe cb's will be buying 160 billion dollars next month. There's practically no debt issuance in the US until the government's borrowing authority is reinstated sometime in the summer. About 80 billion dollars is being printed that's not necessary to cover borrowing.
Edited by Data, 01 March 2017 - 02:52 PM.