168 replies to this topic

[redfoliage2]

Today likely an up day for the US stock market ..........................

[dTraderB]

The POWELL FED - destroying the housing sector:
"Demand for a new mortgage for a home purchase fell again yesterday. Aside from mid-February, you would have to go all the way back to 1995 to see lower mortgage demand (where the US population is 70 million lower than it is today)."

Holger Zschaepitz (@Schuldensuehner) posted at 1:50 PM on Thu, Aug 17, 2023:
Good Morning from #Germany, where long-dated yields continue to rise. 20y German bund yields have risen to their highest level since 2011 at 2.84%. 30y yields have risen to highest level since 2013, while 10y yields are on the verge of surpassing the March high of 2.75% and https://t.co/f1tYwyCqrl

FED may have already tightened too much... wirst FED ever. MORTGAGE RATE soaring, housing sector in trouble...

Nick Timiraos (@NickTimiraos) posted at 0:05 AM on Thu, Aug 17, 2023:
Most Federal Reserve officials backed an increase in interest rates last month but some saw rising risks that they might raise rates too high, underscoring a new level of caution about further increases.

[dTraderB]

FED, an agent of destruction
Longview Economics (@Lvieweconomics) posted at 2:13 PM on Thu, Aug 17, 2023:
US homebuilder sentiment posted its first fall in August since December last year.

The POWELL FED - destroying the housing sector:
"Demand for a new mortgage for a home purchase fell again yesterday. Aside from mid-February, you would have to go all the way back to 1995 to see lower mortgage demand (where the US population is 70 million lower than it is today)."

Holger Zschaepitz (@Schuldensuehner) posted at 1:50 PM on Thu, Aug 17, 2023:
Good Morning from #Germany, where long-dated yields continue to rise. 20y German bund yields have risen to their highest level since 2011 at 2.84%. 30y yields have risen to highest level since 2013, while 10y yields are on the verge of surpassing the March high of 2.75% and https://t.co/f1tYwyCqrl

FED may have already tightened too much... wirst FED ever. MORTGAGE RATE soaring, housing sector in trouble...

Nick Timiraos (@NickTimiraos) posted at 0:05 AM on Thu, Aug 17, 2023:
Most Federal Reserve officials backed an increase in interest rates last month but some saw rising risks that they might raise rates too high, underscoring a new level of caution about further increases.

[redfoliage2]

Today likely an up day for the US stock market ..........................

This is their day to get rid of put holders ....................

Edited by redfoliage2, 17 August 2023 - 04:27 AM.

[dTraderB]

Key developments that should provide more direction to U.S. markets later on Thursday:
U.S. corporate earnings: Walmart, Applied Materials, Tapestry, Ross Stores, Keysight Technology
U.S. weekly jobless claims, August Philadelphia Fed business survey, July leading indicator
U.S. Treasury auctions 4-week bills

[dTraderB]

Helene Meisler (@hmeisler) posted at 4:32 PM on Thu, Aug 17, 2023:

Good morning to all the new put buyers.
Yesterday's equity put/call ratio was 1.03, highest since March.

ETF put/call ratio was 1.57, highest since June 14th

AAII Folks got a wee bit more cautious this week.
Bulls -9 to 35.9%
Bears +4.5 to 30.1%

My pinned tweet is hard at work. https://t.co/ypuVLdT2HL

Edited by dTraderB, 17 August 2023 - 06:21 AM.

[dTraderB]

Valerie Tytel (@ValerieTytel) posted at 4:49 PM on Thu, Aug 17, 2023:

Long end Treasury weakness extends.

- 30y yields intraday break thru cycle highs, topping 4.42%, highest since 2011
- 10y real yields have surged for 7 straight sessions and now just shy of 2% at 1.98%
- 10y nominal yields are 3bps shy of breaking intraday cycle highs of 4.33%

https://t.co/HP5kJqMTZ4

[12SPX]

Oh no the bullishness is still here lol!!  Market is getting pretty oversold though and we are moving into expiration with put prices soaring so there may be chance of some kind of rally as long as bonds cooperate.  Added a little to my long bringing my average to 4430, should be another fun day, thank goodness futures aren't soaring....

[12SPX]

And there we go, a little more pop and profit stopping at 4431, we'll see about buying back before the cash open though....

[jacek]

Up in Asia session & up in Europe session - time for a reset?